Oslo, 24 March 2021 – EcoOnline, a leading provider of Environmental, Health, Safety, and Quality (EHSQ) software, has today been admitted to trading on Euronext Growth (ticker code: ECO).
For more than 20 years, EcoOnline has developed solutions helping businesses to create safer, more sustainable, and more efficient workplaces. Today EcoOnline has a leading position in all the Nordic countries and the UK and Ireland, offering its industry-agnostic solutions to more than 6,500 customers, representing 86 industries.
“The listing on Euronext Growth Oslo is marking an exciting new step forward in our journey securing an even stronger platform for growth. We are pleased to see that leading institutional investors share our belief in the value of providing solutions for safer workplaces and a better environment is truly gratifying would also like to thank all our passionate and purpose-driven employees, whose hard work and dedication have got us to this point. I am confident that EcoOnline is extremely well-positioned for future growth,” said Göran Lindö, CEO of EcoOnline.
Recently, the company raised NOK 1.6 billion through a private placement. The placement included NOK 500 million in new shares and NOK 1.100 million in sales of existing shares. In addition, there was an over-allotment (greenshoe option) bringing total proceeds raised in the offering to NOK 1.84 billion. The placement attracted strong interest from leading Nordic and international institutional investors and was substantially oversubscribed, reported EcoOnline.
“EcoOnline has made significant progress in the market and established itself as a leading and successful provider of EHSQ software and systems. We have identified a significant potential for further growth, which we seek to accelerate with additional funding, and we look forward to inviting new investors to join us on this journey,” said Gunnar Evensen, Chairman of the Board of Directors of EcoOnline.
The shares in the new issue were sold at NOK 25.00 corresponding to a market capitalisation of NOK 4.10 billion.
At the end of 2020, EcoOnline had more than 370 employees in seven countries.
About EcoOnline EcoOnline is a European HSEQ SaaS market leader dedicated to developing software creating safer & sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline has offered a positive contribution to customers and society since its inception and is a chemical management leader in the Nordics, UK and Ireland. The company has a clear history of successfully acquiring and integrating companies with same level of employee engagement as EcoOnline.