Mubadala, global partners to acquire energy efficiency leader Techem for Dh29 billion
ABU DHABI (ALETIHAD)Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has joined forces with global investment firms Partners Group, GIC, and TPG Rise Climate to acquire Techem, a Germany-headquartered provider of digitally enabled energy efficiency solutions for the real estate sector, in a deal valued at approximately Dh29 billion (6.7 billion euros).The transaction is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.Founded in 1952, Techem services over 13 million dwellings across 18 countries, with a customer base of more than 440,000. The company specialises in low-investment, non-invasive methods to improve energy efficiency, reduce consumption, lower costs, and cut CO2 emissions—contributing significantly to the long-term decarbonisation of the real estate sector, which currently accounts for around 40% of global CO2 emissions.Techem currently has about 62 million devices installed worldwide, enabling digital sub-metering, monitoring, and smart building services that help landlords and property owners manage energy use more efficiently.Abdulla Mohamed Shadid, Head of Energy and Sustainability at Mubadala's Private Equity Platform, emphasised the strategic alignment of the deal with the company's long-term vision.'The decarbonisation of the real estate sector continues to be a global priority for better and more sustainable living. As a trusted and leading sub-metering services provider with a digital edge, Techem is well positioned to continue leading this transition, improving the energy management of buildings through better efficiency and consumption,' said Shadid.
'We are delighted to be investing alongside Partners Group, GIC, and TPG Rise Climate and to be supporting Techem as it continues to expand and strengthen its value proposition. This transaction aligns with Mubadala's long-term commitment to deploying capital purposefully and helping to find solutions to global challenges.'
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