Acquisitions

SAP to Acquire Clear Standards, Gains Carbon Mgmt Product

SAP plans to acquire Clear Standards, a privately held enterprise carbon management solutions provider that helps companies track and report greenhouse gas emissions and other environmental impacts through a web-based system. With the move, ...

Philips’ ‘Green Products’ Account for 25% of Total Sales

Royal Philips Electronics announced that it is meeting the sustainability goals of its "EcoVision4" program, launched in 2007. Philips increased sales of 'Green Products' to 25% of ...

Philips Nabs 10% Equity Stake In Tendris Holding

Royal Philips Electronics has acquired a 10 percent equity stake in Tendris Holding, a business incubator and operator in sustainable technology and services headquartered in the Netherlands. The partnership will explore ...

Philips’ Dramatic Move Into LED Lighting

Royal Philips Electronics - the Dutch manufacturer known for its Magnavox televisions and Norelco shavers - is shifting its home electronics business to high-tech commercial lighting. The move into a new industry is ...

Dry Cleaners Use ‘Perc’ Altnernative, Recycled Coat Hangers

Seattle-based startup Blue Sky, one of just 35 dry cleaners in the U.S. to use toxin-free carbon dioxide to clean clothes, bought a conventional competitor and is converting it to its ...

Panasonic Eyes Sanyo’s Green Tech in Takeover Bid

Panasonic is planning to take over its rival Sanyo Electric. The deal would create one of the world's largest electronics makers, but Panasonic is not in it for Sanyo's gadgets. Instead, Panasonic ...

Tips on Tackling Sustainability Issues During M&As

Mergers and acquisitions and divestitures have mostly been unaffected by the green trend. But according to Deloitte, recent deals have demonstrated that sustainability can affect both the viability and the ultimate ...

Aegis Acquires Clownfish

Aegis Group announced this week that it acquired Clownfish and would integrate it into Aegis' Isobar operations, MediaPost reports. Clownfish was founded in 2002, and specializes in helping brands and companies to understand ...

Utility Outlines Environmental Benefits From Merger

In testimony filed with the Washington Utilities and Transportation Commission, the investor group Puget Holdings supports Puget Sound Energy's $5 billion capital program to meet the energy, environmental and economic needs of ...

BP’s New Cogeneration Acquisition Will Power Whiting Refinery

BP Alternative Energy has bought Whiting Clean Energy, a 525 MW natural-gas fired combined-cycle cogeneration power plant in Whiting, Indiana, for $210 million from NiSource, BP announced. Power from the alternative ...

JPMorgan Buys Carbon Offset Company ClimateCare

JPMorgan has acquired Climate Care, a UK carbon offset company. The company will invest in large-scale carbon emission reduction projects and trade the carbon emission reduction credits. ClimateCare will be ...

Autodesk Acquires Energy Analysis Software Companies

Autodesk is making moves on the sustainable design front. The company has acquired two energy analysis software companies - Green Building Studio, which provides web-based building energy analysis, and ...

Publicis Buys Sustainability Consultancy Act Now

Advertising giant Publicis Groupe has bought sustainability consultancy Act Now and renamed it Saatchi & Saatchi S. Adam Werbach, a past president of the Sierra Club, launched Act Now ...

Clorox To Pay $950 Million For Burt’s Bees

The Clorox Company says it will acquire Burt's Bees for $950 million. Clorox says the acquisition fits its Centennial Strategy to pursue growth in areas aligned with consumer "megatrends." Clorox isn't the only company following ...

Zipcar and Rival Flexcar Merge

Car share companies Zipcar and Flexcar are merging (via ChangeReport). The combined company will operate under the Zipcar brand and be headquartered in Cambridge, Massachusetts, under the leadership of Zipcar's chairman and chief executive, ...

Discovery Acquires TreeHugger

Discovery Communications has acquired eco-lifestyle website TreeHugger.com. TreeHugger will become part of Discovery's Planet Green, the 24/7 eco-lifestyle TV network which plans to launch next year in 50 million homes. In acquiring TreeHugger.com, Discovery is ...

WM Acquires LampTracker, Expands Recycling Capabilities

Waste Management has acquired the LampTracker business, a provider of mail-back recycling for fluorescent lighting, from shareholders of Mercury Waste Solutions. This business, which will be operated through Waste Management's WM LampTracker subsidiary, will ...

EDP Acquires Horizon, Jumps to 4th Largest Wind-Power Producer

EDP-Energias de Portugal SA, the country's biggest electricity utility, is buying Horizon Wind Energy LLC of Houston, Texas from Goldman Sachs Group for $2.15 billion, Bloomberg reports. The acquisition boosts EDP's ranking to fourth from sixth among the ...

Adidas Struggles to Generate Reliable CSR Data Following Reebok Acquisition

The adidas Group has issued its latest publication (PDF) on corporate responsibility for 2006. But the publication is not a social and environmental report. It doesn't track progress or include consolidated data. Instead it is in ...

TXU Taken Private in Largest-Ever Leveraged Buyout

TXU has agreed to be taken private by a group of investors led by Kohlberg Kravis Roberts and Texas Pacific Group for $45 billion in what would be the largest leveraged buyout ...