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Bayer Environmental Science To Become Envu
Bayer’s Environmental Science Professional business today announced it will become Envu as a standalone company, contingent on the successful close of Cinven’s acquisition of the business from Bayer*. Pronounced “ehn-VIEW”, the name is derived from “environment” and “vision” and developed with input from both employees and customers around the world. “As a trusted industry leader, we know that ensuring continued customer success requires strong partnerships and a renewed perspective,” said Gilles Galliou, president of the Environmental Science Professional business at Bayer and future CEO of the new standalone company. “That’s why Envu will be dedicated to bringing customers innovative solutions to help them push their business forward and tackle the toughest challenges our environments face today.” Envu will work alongside customers to see challenges through their eyes, bringing together diverse points-of-view and a vision beyond chemistry. “The fact that our new company will be focused solely on environmental science will allow us to solve problems faster, smarter and more efficiently,” said Galliou. “The challenges we solve today will help ensure a healthy future for all is clearly in view,” Galliou continued. “We have an established track record of bringing effective, safe and sustainable solutions to customers,” said Tiffany Fremder, head of global marketing for Environmental Science. “We will continue this commitment as Envu and expand our focus on innovation to achieve long-standing environmental health and sustainability.” From now until the divestment transaction officially closes, the organization will remain the Environmental Science Professional business of Bayer. However, the company looks forward ...
Bayer’s Landscape Pesticide Business To Be Bought By Cinven
Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of $2.6 billion. Environmental Science Professional offers environmental solutions to control pests, diseases and weeds in non-agricultural areas such as vector control, professional pest management, vegetation management, forestry, and turf and ornamentals. In 2021, the business had approximately 800 employees supporting operations and sales in more than 100 countries. It is headquartered in Cary, NC. Bayer had announced its decision to divest the business in February 2021. “Driven by a shared belief in people and purpose, Cinven will enable the Environmental Science Professional business to advance towards its vision of healthy environments for everyone, everywhere. We are convinced by Cinven’s focus and its commitment to the long-term growth potential for the business and its people,” Santos said. The transaction is expected to close in the second half of this year. “Bayer’s Environmental Science Professional business is a global leader in a highly attractive and critical industry. We thank Bayer for the trust they have placed in Cinven and plan to build on the strong foundations established by Bayer by significantly investing in it,” said Pontus Pettersson, Partner and Head of Industrial at Cinven. “As a long established global investment firm, Cinven is well positioned to continue to drive innovation and accelerate growth at Environmental Science Professional, including the delivery of digital and data-enabled solutions, as well as make the business more agile in responding to the unique needs ...
Bayer’s Landscape Pesticide Business To Be Bought By Cinven
Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of $2.6 billion. Environmental Science Professional offers environmental solutions to control pests, diseases and weeds in non-agricultural areas such as vector control, professional pest management, vegetation management, forestry, and turf and ornamentals. In 2021, the business had approximately 800 employees supporting operations and sales in more than 100 countries. It is headquartered in Cary, NC. Bayer had announced its decision to divest the business in February 2021. “Driven by a shared belief in people and purpose, Cinven will enable the Environmental Science Professional business to advance towards its vision of healthy environments for everyone, everywhere. We are convinced by Cinven’s focus and its commitment to the long-term growth potential for the business and its people,” Santos said. The transaction is expected to close in the second half of this year. “Bayer’s Environmental Science Professional business is a global leader in a highly attractive and critical industry. We thank Bayer for the trust they have placed in Cinven and plan to build on the strong foundations established by Bayer by significantly investing in it,” said Pontus Pettersson, Partner and Head of Industrial at Cinven. “As a long established global investment firm, Cinven is well positioned to continue to drive innovation and accelerate growth at Environmental Science Professional, including the delivery of digital and data-enabled solutions, as well as make the business more agile in responding to the unique needs ...
