Ecovadis swallows Ecotrek

The two companies' solutions are designed to help customers monitor risk and improve the sustainability of supply chains.

The Berlin-based start-up Ecotrek, which is dedicated to sustainability monitoring of suppliers, is being acquired by Ecovadis. In doing so, the company, which claims to be the leading provider of global sustainability ratings, is swallowing the young company.

A combination of Ecovadis and Ecotrek solutions is expected to help customers monitor risk and improve sustainability performance in their supply chains. According to the company, this could also be crucial in the context of the German Supply Chain Due Diligence Act (LkSG) and the EU Commission's planned Due Diligence Directive.

Ecotrek's co-CEO Rena Kleine hopes big things from the acquisition: "By joining forces with Ecovadis, our customers will gain tremendous benefits in terms of product growth and scalability, and will be able to integrate sustainability into their procurement processes even faster, more globally and with maximum impact." Her company is known for a so-called sustainability data mining technology. This is said to enable the automated collection, review and analysis of sustainability data and documents.

Ecovadis hopes to expand its global scalability in risk management. Through the acquisition, the company aims to improve the scope, speed and quality of sustainability data from global supply chains. "The acquisition of Ecotrek strengthens our position as the best possible partner for companies seeking to achieve sustainable impact in their value chains," said Frederic Trinel, co-CEO of Ecovadis.