Sustainability data management company Dcycle announced today that it has signed an agreement to acquire software company ESG-X, with the transaction aimed at expanding Dcycle’s ESG sustainability data management capabilities across the DACH region (Germany, Austria and Switzerland).
Founded in 2023, Germany-based ESG-X develops AI models designed to automate materiality assessments and map existing corporate data to ESG reporting requirements.
Valentin Aman, co-founder of ESG-X, said:
“From the beginning, ESG-X was built to help companies manage ESG data in a way that is accurate, scalable and future-proof. This acquisition by Dcycle allows us to take that mission much further, combining our technology with a platform that has the scale, ambition and operational maturity to define the next phase of ESG data management in Europe.”
Madrid-based Dcycle provides carbon accounting and ESG software that enable companies to measure emissions, comply with sustainability regulations and plan decarbonization strategies.
According to the company, the acquisition will strengthen its platform across several areas, including improved image recognition for fuel and energy consumption, AI-powered double materiality assessments aligned with CSRD requirements, EcoVadis rating optimization, automated ESRS reporting with European AI Act-compliant technology, and local data residency in certified German data centers.
Juanjo Mestre, CEO and Co-founder of Dcycle, said:
“The European ESG software market has entered a clear consolidation phase. With over one hundred solutions competing to solve isolated parts of the problem, the fragmented model no longer meets the real needs of the companies we serve. Our vision is clear: the only way to scale sustainability data efficiently is through integrated platforms that enable companies to own their data infrastructure. This acquisition is all about building the best possible product for our customers.”
