Thyssenkrupp Materials Services has acquired WAVES, a leading provider of sustainability management platforms, to enhance its sustainability product offerings.

Target Information

Hampleton Partners has successfully advised thyssenkrupp Materials Services on its strategic acquisition of WAVES, a notable provider of sustainability management platforms based in Luxembourg. This acquisition is a pivotal move as it enhances the sustainability product portfolio of pacemaker, the artificial intelligence (AI) subsidiary of thyssenkrupp Materials Services. With a mission to support companies in establishing transparent supply chains, this acquisition underscores thyssenkrupp's commitment to sustainability and responsible sourcing.

Industry Overview in Luxembourg

Luxembourg holds a unique position in the European landscape as a leading hub for financial services and technology, recognized for fostering innovation and growth. The country's favorable regulatory environment and extensive infrastructure enable startups to thrive, particularly in sectors such as AI and sustainability. This has attracted international investment and positioned Luxembourg as a significant player in the tech ecosystem.

The sustainability technology sector, in particular, is gaining momentum, driven by increasing global awareness of environmental issues. Companies are under growing pressure to implemen