With this strategic move, WAVES’ comprehensive product portfolio on the SMP is combined with pacemaker’s AI-driven supply chain forecasting and product carbon intelligence tools, thereby offering a complete line of sustainability products for calculating, managing and reporting sustainability data along entire supply chains.

The integration of the WAVES SMP with pacemaker’s existing technology creates an unrivalled all-in-one solution designed to meet the stringent sustainability objectives and requirements faced by industries and SMEs today. The WAVES SMP offers holistic sustainability management capabilities with precise and TÜV-certified emissions calculations for the transport and logistics sector as well as corporate carbon footprint calculations in the Scopes 1–3. Furthermore, companies can also use the software to create verifiable reports in compliance with the Corporate Sustainability Reporting Directive (CSRD) and EU Taxonomy.

Armin Neises, who founded WAVES in 2019, expressed enthusiasm about the collaboration, noting that it would accelerate the realization of WAVES’ vision to embed sustainability as a fundamental element of corporate action at all levels and throughout the supply chain.

The acquisition comes at a perfect point in time, as EU sustainability regulations increasingly require companies to perform precise calculations and provide evidence of extensive sustainability aspects. Companies now face the growing challenge of creating transparency about their sustainability performance throughout supply chains and providing proof of continually improving their ESG performance.

The collaboration between WAVES and pacemaker offers several key advantages:

- Comprehensive Sustainability Management: Clients gain access to a platform that enables holistic management of sustainability efforts, including precise emissions calculations and combines them with full ESG reporting capabilities in one seamless workflow.

- Regulatory Compliance: The integrated solution enables companies to be compliant with EU regulations such as the CSRD, EU-Taxonomy, CSDDD and others, ensuring accurate and verifiable sustainability reporting.

- Enhanced AI Capabilities: The fusion of WAVES’ SMP with pacemaker’s AI-driven technology provides clients with advanced tools for forecasting and managing sustainability indicators in the supply chain, leading to more informed, economic and data-driven decisions.

- Scalability and Expertise: thyssenkrupp’s extensive industry experience and resources combined with WAVES’ expertise in sustainability and regulations, the new entity is well-positioned to offer scalable solutions tailored to the unique needs of various industries and SMEs.

In summary, this collaboration empowers companies to effectively manage and report on their sustainability initiatives, aligning with regulatory demands and contributing to broader environmental objectives.