Carbon Software Consolidation Will Continue In 2026: Diginex Acquires Plan A

In a strategic move that underscores the ongoing consolidation of the carbon management software market, Diginex signed a definitive agreement to acquire Plan A on January 7, 2026. The deal is valued at approximately €55 million ($64 million), including €3 million ($3.5 million) in cash and 6,720,317 Diginex shares valued at about €52 million ($60.6 million) – a deal structure that effectively binds both parties to a shared strategic vision of growth. Visa and Deutsche Bank, former investors in Plan A, will join the Diginex shareholder base as part of the transaction.

Diginex, listed on Nasdaq as DGNX, is a London-headquartered sustainability reporting and supply chain management firm that helps enterprises and governments manage ESG data, reporting and compliance through AI, blockchain and machine-learning-driven software. Its flagship tool, diginexESG, supports reporting across several global frameworks, while diginexLUMEN helps businesses scale supply chain due diligence, track improvements, and ensure compliance with evolving supply chain regulations. Existing clients include Coca-Cola, HSBC and Unilever.

In addition to the Plan A transaction, Diginex also completed the acquisition of The Remedy Project, a human rights risk and supply chain due diligence specialist. Earlier in 2025, the firm acquired Matter DK, an ESG data analytics platform, as part of its broader M&A strategy to build a comprehensive, integrated ESG and sustainability solutions suite.

By bringing Plan A into its portfolio, Diginex strengthens its carbon accounting and decarbonization capabilities, integrating Plan A’s SaaS platform that performs Scope 1, Scope 2 and Scope 3 emissions measurement, and supports science-based target-setting and decarbonization planning. The platform already serves 1,500+ clients worldwide including BMW, Chloé, Deutsche Bank, Trivago and Visa. Between 2021 and 2023, Plan A raised approximately $27 million in venture funding, including a growth round led by Lightspeed Venture Partners in 2023. The acquisition also enhances Diginex’s European footprint and positions the combined business to scale Plan A’s offerings through Diginex’s global infrastructure in North America and Asia.

What does it mean for the wider carbon management software market? More broadly, the Diginex-Plan A transaction reflects a structural shift underway across the market. As highlighted by Verdantix in September, consolidation is accelerating as the market matures, with larger platforms acquiring specialist vendors to rapidly expand functionality, deepen Scope 3 capabilities, and meet rising buyer expectations for end-to-end solutions. With over 100 providers still competing globally, three key differentiators are emerging: scale, product breadth, and integration across corporate carbon accounting, product-level emissions management and supply-chain data.