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Overview
| Sector | Infrastructure |
|---|---|
| Sub-sector | Utilities |
| Invested | 2006 – 2018 |
| Ownership at exit | 100% |
Headquarters Germany
Protecting the environment
The real estate sector represents around 40 per cent of the world’s energy consumption and contributes up to 30 per cent of global emissions1.
Although new design and construction methods are helping to create more sustainable buildings, significant investment is required to enhance the energy efficiency of established properties to help meet global emissions reduction targets.
Techem has been a leader in the development of quality technologies in the areas of energy and water measurement, billing and management since the early 1950s – enabling homeowners, landlords and tenants to reduce their energy consumption and bills. At the turn of the century, Techem was listed on the Frankfurt Stock Exchange and its suite of innovative consumption reduction products saw it become a market leader in Germany.
~11 million dwellings are serviced by Techem devices
Investing in innovation
Between 2006 and 2009, a MAM-managed fund acquired 100 per cent of the business in several stages through a take-private process. On taking ownership of Techem, MAM partnered with management to invest more than €1 billion to develop a suite of highly efficient and cost-effective products that enable apartment buildings and commercial properties to reduce their overall energy consumption. Techem also expanded its service offering to provide more sustainable heat supply solutions, enhanced fire protection monitoring and products to improve drinking water quality.
Techem’s continuous innovation and range of integrated and digitalised customer solutions saw the business extend its market leading position in Germany and expand into new markets. At the time of MAM’s divestment, Techem had approximately 51 million devices servicing 11 million dwellings across 20 countries2.
Importantly, Techem’s growth during MAM’s period of ownership has had a significant impact on advancing environmental sustainability, with its products and services helping to avoid a significant amount of CO2 emissions each year.
~11 million dwellings are serviced by Techem devices
Drawing on deep operational expertise
Frank Hyldmar, Former Chief Executive Officer, Techem3
Techem’s field services crew en route to an appointment
Walking the talk
In addition to enabling greater awareness around the efficient use of energy and water amongst its customers, Techem also recognised that it had a responsibility to lead by example by promoting environmental sustainability amongst its workforce.
Techem ensured that the operations of its more than 50 branch offices across Germany were powered with certified green electricity. Utilising innovative building design and cutting-edge technology, Techem optimised its electricity usage and configured heating and cooling systems to prevent waste.
Outside of its offices, Techem also significantly expanded the use of hybrid and electric mobility solutions in its operations and maintenance fleet. Techem’s more than 3,500 staff were given access to company bicycles and were actively encouraged to utilise public transport on their commute and during business hours.
Our insights
All information current as at 31 March 2019, unless otherwise stated.
1 Sustainable Real Estate Investment – Implementing the Paris Climate Agreement: An Action Framework (February 2016), United Nations Environment Programme – Finance Initiative
3 https://www.mirafunds.com/footer/press/mira-reaches-agreement-to-sell-techem-gmbh.html
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