Mubadala Investment Company, the investment arm of the Abu Dhabi government, along with Partners Group, one of the largest private markets companies globally, GIC, a prominent global investor, and TPG Rise Climate, the climate investment arm of the impact investment platform TPG, have announced a joint agreement to acquire Techem, a German company that specializes in digital solutions for the building sector, for an estimated total of nearly 29 billion AED (6.7 billion EUR). The acquisition of Techem is expected to be completed in the second half of 2025, pending customary conditions and regulatory approvals.
Abdullah Mohammed Al Shadid, Head of the Energy and Sustainability Unit in the Private Equity sector at Mubadala, stated: “The goal of decarbonizing the real estate sector remains a global priority for building a more sustainable future and enhancing quality of life. Techem, with its leading position as a trusted provider of digital sub-metering solutions, is well-positioned to continue driving this transformation by improving energy management in buildings and enhancing consumption efficiency.
We are pleased to invest alongside Partners Group, GIC, and TPG Rise Climate to support Techem in its journey towards expansion and bolster its contributions in this area. This deal aligns with Mubadala’s long-term commitment to purposeful investing and addressing global challenges.”
Founded in 1952, Techem serves over 440,000 customers across 18 countries, covering services for more than 13 million residential units.
The company is a reliable long-term partner for the real estate sector and individual property owners, assisting them in enhancing energy efficiency, reducing consumption, costs, and CO2 emissions through low-cost solutions that require no structural modifications.
Techem’s services contribute to achieving long-term carbon emission reduction targets in the real estate sector, which accounts for approximately 40% of global CO2 emissions. Currently, about 62 million of Techem’s devices are installed in various locations worldwide.