DPE Investment Gesellschaft mbH has sold Engelmann Sensor GmbH, a leading provider of smart sub-metering technology, to Rivean Capital, marking a successful exit and positioning Engelmann for further international expansion.

Target Information

München, November 20, 2025 — DPE Investment Gesellschaft mbH has successfully sold its portfolio company Engelmann Sensor GmbH to the European private equity firm Rivean Capital. Engelmann, a leading innovator in smart sub-metering technologies for heating, cooling, and water measurement, has undergone significant growth during its time under DPE's management. Over the past five years, Engelmann has transformed from a specialist in heat meters to a prominent international provider of sub-metering systems, expanding its customer base, launching new products, and more than doubling its EBITDA since 2021.

This acquisition by Rivean Capital is expected to enhance Engelmann's market leadership and facilitate further expansion into existing and new international markets. The financial details of the transaction remain confidential, pending the usual regulatory approvals. Engelmann's management received advisory support from Blättchen & Partner regarding a management equity stake in this transaction.

Industry Overview in Germany

The sub-metering industry in Germany has seen a significant transformation driven by the European Union's energy efficiency regulations. This has prompted a growing demand for advanced technologies that allow for p