Inside EQT Private Equity’s Acquisition of Avetta

Having purchased Avetta, a leading risk management software platform, EQT has pledged to support the business in its ongoing growth and innovation journey

It’s fair to say EQT Private Equity’s acquisition of Avetta, a leading risk management software platform, represents a pretty seismic moment in the supply chain space. 

For more than two decades, Avetta’s innovative SaaS platform has enabled clients to manage supply chain risks across health, safety, sustainability and beyond. 

The business has grown to the extent that it now has more than 750 employees working from 12 offices around the world. Its global network spans more than 130 countries, empowering hundreds of hiring clients and 130,000 contractors to reduce accidents, improve compliance rates and achieve higher levels of operational, sustainability and ethical excellence.

Having purchased Avetta from Welsh, Carson, Anderson & Stowe, EQT has pledged to support Avetta in its ongoing growth and innovation journey by leveraging its global footprint, purpose-driven approach and digital and sustainability expertise.

“This transition is not just a significant milestone for Avetta, but for the supply chain risk management (SCRM) industry at large,” comments Arshad Matin, CEO at Avetta.

“With the support of EQT, we’re poised to enhance our product suite and operational reach further, as demonstrated by ‘Ask Ava,’ our pioneering generative AI risk assistant.”

Creating resilience in global supply chains

Global supply chains are negotiating increasing complexity thanks to globalisation and digitisation, as well as heightened safety, compliance and sustainability requirements.

As an established, cloud-based SCRM platform with global scale, backed by decades of innovation, Avetta remains well-positioned to help clients manage this complexity, creating higher resilience in global supply chains.

Through the development of new products and technologies, adoption of AI and automation, and global expansion, Avetta is set to further enhance its value proposition to both hiring clients and suppliers. 

Together, EQT and Avetta are committed to investing in innovation to address the critical challenges facing global supply chains today.

“Avetta’s leadership position, world-class SaaS platform and commitment to ESG represent a highly thematic investment opportunity for EQT,” adds Arvindh Kumar, Partner and Co-Head of Technology within EQT’s Private Equity Advisory Team.

“As one of the most active technology investors worldwide, EQT has deep software expertise and a broad network of advisors in the space. 

“We look forward to partnering with Avetta and the management team on its next phase of growth and are excited to address some of the most pressing challenges in the supply chain sector."

******

Check out the latest edition of Supply Chain Magazine and sign up to our global conference series – Procurement and SupplyChain LIVE 2024

******

Supply Chain Digital is a BizClik brand.

Share

Featured Articles

FuturMaster: Unlocking Untapped Potential in Supply Networks

FuturMaster, a pioneer in supply chain planning solutions, has launched the Network Insight Graph in a bid to unlock untapped potential in supply networks

Why you Should Automate your Supply Chain Analytics

Supply Chain Digital takes a look at some key vendors to consider when your business is automating its supply chain analytics

P&SC LIVE New York welcomes Amanda Davies, Mars Snacking

Amanda Davies, Chief R&D, Procurement and Sustainability Officer at Mars Snacking, is set to speak at Procurement & Supply Chain LIVE New York

P&SC LIVE New York welcomes Kirsten Loegering, ServiceNow

Operations

P&SC LIVE New York welcomes Dean Ocampo, ServiceNow

Digital Supply Chain

P&SC LIVE London Welcomes New Sponsor – LeanLinking

Operations