Diginex Limited, a provider of sustainability regulatory technology solutions, has signed a definitive agreement to acquire Copenhagen-based Matter DK ApS in an all-share transaction valued at $13 million.
Matter, an ESG data company with Nasdaq as its main strategic investor, specialises in providing sustainability data and analytics to the investment sector. The deal, expected to close in the next quarter subject to customary conditions, will see Diginex issue ordinary shares priced at $83.77 each, with an 18-month lock-up period.
As part of the agreement, Matter’s senior management will receive an additional $2.5 million in Diginex shares, vesting in equal tranches over 12 and 24 months.
The acquisition is intended to expand Diginex’s capabilities by integrating Matter’s ESG data, benchmarking and reporting expertise into its platform, enhancing the firm’s global offering as companies face increasing regulatory and stakeholder pressure for robust sustainability disclosures.
Miles Pelham, Chairman of Diginex, said: “We are thrilled to advance this acquisition, marking a significant step toward integrating Matter’s expertise into our ecosystem and further strengthening our position in the ESG data space. This combination aligns perfectly with our mission to empower businesses with cutting-edge AI tools to drive sustainable impact and positions us for accelerated growth in a high-potential sector. We’re also happy to welcome Nasdaq as a strategic partner and shareholder.”
Niels Fibæk, Chief Executive of Matter, added: “We are delighted to move forward with Diginex under this definitive agreement, and we look forward to the opportunities ahead. Together, we will amplify our impact, delivering unparalleled data-driven insights to help organisations achieve their sustainability goals.”
Diginex was advised by Gibson, Dunn & Crutcher LLP, with Lund Elmer Sandager acting on Danish law matters.
