Sustainability advisor Evora Global has acquired Metry, a European platform for environmental data collection.
Financial details were not disclosed.
Evora said that the acquisition would signify an improved level of data automation and quality for the firm's clients, achieved through direct connections to fiscal meters and hubs. The data is added to Evora's analytics and content management platform, Siera.
Metry is one of the leading platforms for environmental data collection in Europe, with a primary focus on energy data.
'We are thrilled to welcome Metry into the Evora family,' said Pradeep Menon, Evora Global CEO. 'This strategic acquisition marks a significant milestone in our journey to empower real asset investors with the tools and data needed to drive sustainable practices in the built environment. It will enable us to offer unparalleled services to our clients, solving for the climate challenge.'
'This the perfect match,' said Magnus Hornef, Metry CEO and co-founder, who will be joining Evora’s executive committee as chief data officer.
'We are enabling each other to make a bigger impact faster and I’m really excited about expanding our data collection capabilities to all of Evora ’s customers. It is a giant leap towards connecting every building with reliable data and automated collection.'
Evora provides climate solutions for real asset investors. Its clients include Invesco Real Estate, Hines and M&G. Founded in 2011, the company now has over 200 staff and 150 clients.