A consortium led by Partners Group is acquiring Techem for EUR 6.7 billion, aiming to enhance its digital-first energy solutions for the real estate sector.

Target Information

Techem is an international provider of digitally enabled solutions for the real estate sector, founded in 1952 and headquartered in Eschborn, Germany. With a robust service portfolio comprising energy management, residential health, building efficiency, and energy contracting, the company caters to over 440,000 clients across 18 countries and services more than 13 million dwellings. Techem's core submetering service promotes fair cost allocation and environmental sustainability, achieving significant reductions in energy consumption and emissions while optimizing operating costs. The company has installed approximately 62 million devices worldwide and has transitioned to focussing on the long-term decarbonization of the real estate sector, which accounts for nearly 40% of global CO2 emissions.

Industry Overview

In Germany, the energy services sector has been evolving rapidly alongside a global emphasis on sustainability and energy efficiency. Driven by stringent regulatory requirements and increasing energy costs, businesses and property owners are under pressure to enhance energy performance. This transformation has resulted in a heightened demand for digital solutions that can improve efficiency and reduce emissions within the real estate sector.

The German real estate market has seen significant growth in digitization initiatives, with companies investing in smart technologies that enhance building management and facilitate energy conserv