Sphera Acquires Sustainability & Product Stewardship Software Company Thinkstep

(Credit: Sphera)

Sphera, a global provider of integrated risk management software and information services with a focus on EHS, operational risk and product stewardship, announced plans to acquire Thinkstep, a Germany-based software and consulting services company that specializes in corporate sustainability and product stewardship. The deal is pending customary German regulatory approvals for mergers and acquisitions. Terms of the deal were not disclosed.

Thinkstep’s presence in EMEA and APAC markets will extend Sphera’s geographic footprint, the companies say.

Thinksteps offers corporate sustainability software, implementation and consulting services to help companies simplify enterprise-wide sustainability reporting and risk management, as well as to help them manage audits and resource optimization. Thinkstep says its product stewardship software and consulting services assist in designing more sustainable products and in managing product compliance across the lifecycle.

Thinkstep’s cloud-based and on-premise software, data and expertise in the corporate sustainability and product stewardship markets tie in well with Sphera’s “mission of creating a safer, more sustainable and productive world,” says Paul Marushka, Sphera president and CEO.

Earlier this year, Sphera announced it was expanding its operational risk solutions with the acquisition of Scotland-based Petrotechnics.

Editor’s note: Both Sphera and Thinkstep have been past winners of Environmental Leader Awards.