Envirosuite Ltd (EVS) says it has signed a binding agreement to acquire EMS Bruel & Kjaer Holdings, a global provider of continuous, unattended environmental monitoring solutions.

EVS says it sees significant opportunity for short-term cross-sell and up-sell opportunities across the respective industry sectors of EVS and EMS, including mining, Smart Cities, airports, waste and wastewater, construction and heavy industry sectors, and geographies in which the two businesses are currently active.

EMS’ solutions for mining include software as a service for demonstrating environmental compliance, vibration & noise monitoring terminals, noise loggers, blast overpressure microphones, site monitoring cameras, air quality monitors and noise mapping software.

The cash and shares transaction will see EVS purchase EMS on a cash-free, debt free basis, from its shareholder group, comprising the majority shareholders Macquarie Corporate Holdings and Spectris Group Holdings, as well as the EMS founders whose nominees hold a minority shareholding.

The combined group will have a highly complementary geographic fit, as outside of Australia EVS has established offices in Canada, Chile, Colombia, Spain and China, while EMS has offices in USA, Denmark, Spain and Taiwan, EVS said.

The vision is to become the leading global environmental technology platform for real-time decision making across the three major environmental domains – air, noise, and water, EVS said.

“With this acquisition, the combined group will provide leading solutions across air quality (including odour and dust), noise and vibration monitoring, and waste and wastewater. This will significantly build out the current platform offering,” the company said.

“For some time, the board has harboured a longer-term internal aspiration to achieve A$100 million ($68 million) in annual revenues with a strong annuity base, and it is the board’s view that this transaction brings that aspiration into the medium term.”