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B Capital Partners´ German smart- and submetering platform realises its third acquisition doubling its size and energy efficiency effect
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Zurich, September 26th 2024 – B Capital’s smart and sub-metering Platform has acquired TEHA Technischer Hausservice GmbH
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With TEHA Technischer Hausservice GmbH (TEHA), B Capital’s Sustainable Infrastructure Fund II has made its third acquisition for its smart sub-metering platform in Germany. This follows the acquisition of MP Energie + Service AG in 2023, which forms the nucleus of the platform, as well as Kniepe Mess- und Wärmetechnik GmbH & Co KG earlier this year. With TEHA, the metering platform nearly doubles both, its size as well as its positive energy efficiency impact. The metering sector is a key contributor to decarbonisation, enabling all market participants in the water and energy value chain to reduce their usage of water, heat and power.
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B Capital’s underpins its commitment to invest in the highly undercapitalised European small-mid cap market that drives the decarbonisation of the economy where the positive impact on climate, biodiversity, and society is particularly high.
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B Capital Partners herewith proves once again its excellent network and origination capabilities in the German Mittelstand. Furthermore, B Capital demonstrates its ability to build-to-scale within a year its second platform of small-mid market assets, which has the potential to become a substantial metering player in the German market.
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Founded in 1971 and owned by two families, TEHA is among the leading independent submetering companies in Germany with a strong market position in the Rhein-Main-Neckar region. TEHA’s geographical presence and its highly digitized business operations lead to attractive margins, making TEHA a perfect fit for B Capital’s metering platform. TEHA expands the platform’s geographical reach and provides additional resources to grow further, organically and via add-ons. B Capital aims to acquire further targets from owners who are considering strategic options in light of increasing regulatory requirements.
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After already having built-to scale the largest independent battery storage platform in Germany with ca. 200MW, this time B Capital executes its build-to-scale platform strategy by investing in targets that rent to real estate owners and property management companies – on the basis of long-term contracts - smart submetering devices for heat, water and – going forward – also power. In addition, such firms offer necessary, associated maintenance and billing services.
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Barbara Weber, Managing Partner at B Capital Partners AG, commented: “We are excited to grow our metering platform with TEHA. Our gratitude goes to Gómez Group Metering (Madrid) and its co-shareholder for entrusting us with their outstanding enterprise. We are looking forward to combining the best of these firms to create a powerful, dynamic, and fully digitized platform using its excellent software. Further exciting opportunities are ahead of us, thanks to the drive towards carbon neutrality and ensuing regulation.”
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TEHA’s main shareholder and CEO of Gómez Group Metering Luis Alfonso Cid Fuentes Gómez commented: “At Gómez Group Metering we are very proud to have successfully completed the sale of our German subsidiary TEHA to B Capital Partners. We consider that this will be very beneficial for all our employees and customers.”
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About B Capital Partners
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B Capital is a partner-owned investment house, established in 2003 in Zurich. It exclusively focuses on small-mid-sized sustainable, next generation infrastructure solutions in the broader energy transition space in North-Western Europe that have a high positive impact on the climate and thereby the potential to deeply decarbonise the economy.
Since 2010, B Capital has been investing and advising capital in excess of EUR 2.6 bn across Europe. Since inception, B Capital – with/and all its investment vehicles - is committed to high corporate ethics as well as Art. 9 SFDR. B Capital is a signatory to UNPRI, Swiss Sustainable Finance, and a member of GRESB.
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