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Issuer: EMERAM Capital Partners GmbH
/ Key word(s): Private Equity/Expansion
Investment company EMERAM: Portfolio company Officium acquires further submetering service provider - ifena offers an open software platform focused on the digitalization of real estate
Munich, November 18, 2022: Officium GmbH has completed the acquisition of ifena GmbH, successfully continuing its buy-and-build strategy. The fast-growing portfolio company of the investment company EMERAM is one of Germany's leading independent metering and billing service providers for water and heat in apartment buildings and commercial properties. As a parent company of regional submetering service providers, the company has acquired nine providers in the past 22 months including the current transaction and manages more than one million meters. With the ninth acquisition, Officium is now also represented in the Munich metropolitan region, expanding its presence in Bavaria. Dr. Alexis Tran-Viet, Partner at EMERAM Capital Partners, explains: "With ifena, Officium becomes a technology company with software that can read and analyse data from different hardware manufacturers and can therefore be used much more flexibly. This will enable the commercialization of new business areas such as the digitalization of real estate and energy efficiency cooperations resulting from the European Energy Directive." Stephan Kiermeyer, Managing Director of Officium, adds, "By further developing and scaling ifena's open platform, we will be able to offer our customers and partners other services and products in addition to submetering that make a valuable contribution to climate protection. The aim is to further expand our market share in Munich, both organically and inorganically. With our experience and innovative strength, for example in digital solutions, we are a strong partner for property management companies. In addition, we offer a future-proof software platform for other independent metering service providers who are facing technological challenges or are simply looking for a succession solution for their company. Our pipeline for further growth is highly promising." ifena founder Alexander Lasslop: "We are delighted about the sale to an experienced and fast-growing submetering provider in Germany. The technology developed by ifena will enable daily consumption transparency and thus savings for even more consumers in the future. This is even more relevant due to the current energy price increases and the ambitious climate protection goals." The parties have agreed not to disclose the purchase price. Officium was advised by Noerr (Legal).
ABOUT OFFICIUM – Officium GmbH is one of the leading independent submetering and energy services providers for consumption-based metering and billing of water and heat for the housing industry. The company was founded as a platform investment by funds advised by EMERAM in 2020. As a parent company, Officium manages numerous regional providers and is primarily present in Berlin, Brandenburg, Lower Saxony, North Rhine-Westphalia (for example Düsseldorf and Duisburg), Mecklenburg-Western Pomerania, Saxony-Anhalt (Dessau-Roßlau), Saxony (Dresden and Chemnitz), Thuringia and Bavaria (Lower and Upper Franconia as well as Munich). Customers are primarily small and medium-sized property management companies and private landlords. In total, Officium manages more than one million measuring devices.
ABOUT EMERAM CAPITAL PARTNERS – EMERAM is one of the leading investment managers for medium-sized companies in German-speaking countries. Funds advised by EMERAM provide more than 500 million euros of capital for the development of growing companies. The portfolio includes companies from the technology/software, value-added services and new consumer staples sectors. EMERAM acts as a long-term business development partner for its companies and promotes the sustainable growth (organic and inorganic) of the portfolio companies. In addition, the company focuses on the implementation of holistic ESG concepts. Currently, the portfolio contains six platform investments with cumulatively more than 2,500 employees. The companies continuously achieve double-digit organic sales growth. In addition, a total of 31 add-on acquisitions accelerated the growth and enabled international expansion.
Media contact EMERAM Capital Partners: WMP EuroCom AG
EMERAM Capital Partners | Mühlbaurstraße 1 | 81677 München | Germany |
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