Funds were told EMS operates in 40 countries, and has developed a range of software solutions that it sells primarily to airports.
It has been operating for the last 30 years and its airport noise and vibration monitoring systems are used in 200 airports around the world, about 34 per cent market share.
It generated $47.5 million in revenues in the 2019 calendar year, and $43.7 million the year prior.
The acquisition was expected to complete before the end of February and was subject to shareholder approval.
After the acquisition, Envirosuite had a target of $100 million in revenues within three years and a targeted EBITDA margin range between 15 and 20 per cent.
(20min delay)