Bayer has announced that its Environmental Science business will be renamed Envu. The change comes following the successful acquisition of the business by Cinven, a large private equity company. Pronounced ‘ehn-VIEW’, the name is derived from ‘environment’ and ‘vision’.
Gilles Galliou, president of the Environmental Science Professional business at Bayer and future CEO of Envu, said the new company would be working closely with customers to bring together diverse points of view and a vision beyond chemistry. “The fact that our new company will be focused solely on environmental science will allow us to solve problems faster, smarter and more efficiently,” he said.
The company will fully launch its new corporate identity upon the successful close of the divestment later this year. Once launched as Envu, the business will continue to collaborate with Bayer as a standalone company.