While merger and acquisition operations are going well in French Tech, with a peak of 5 billion euros in the first half of 2024, the discreet champion of greentech EcoVadis returns to the forefront by getting its hands on Ululaa Canadian start-up.
The amount of the transaction, which mixes cash and securities, has not been disclosed. “We were not in a case of a start-up in difficulty, the acquisition was carried out on multiples of annual recurring revenues (ARR, a key metric in software, Editor’s note), in line with market standards,” nevertheless asserts Pierre-François Thaler, co-CEO of EcoVadis.
