EQS Group Expands US Presence with Key Acquisition

On December 10, 2024, EQS Group, a prominent provider of cloud solutions for compliance and ethics, announced its acquisition of OneTrust's ethics and compliance division. This strategic move significantly bolsters EQS Group's presence in the US market, adding over 1,000 global clients to its portfolio.

The acquired business, developed initially by Convercent, offers extensive services including whistleblowing, ethics policy management, and analytics. Achim Weick, EQS Group CEO, emphasized that this acquisition aligns with EQS's mission to enhance corporate trust and streamline compliance.

Kabir Barday, OneTrust CEO, noted that the transfer allows OneTrust to zero in on its core mission of ethical data and AI usage. Key financial and legal advisory roles were fulfilled by Goldman Sachs and Wachtell, Lipton, Rosen & Katz, while Kirkland & Ellis supported EQS Group.