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Investment company EMERAM drives consolidation among submetering service providers with two acquisitions
• EMERAM's portfolio company Officium acquires Systeme & Service Abrechnungsgesellschaft mbH and Delta-t Messdienst Fischer und Nagel GmbH
• Number of managed user units increases by more than 50 percent
• Significant expansion of market presence in Berlin, Brandenburg and Lower Franconia
• Further acquisitions planned
Munich, 1 September 2021 - Officium GmbH, a portfolio company of the investment company EMERAM, has acquired the submetering service providers Systeme & Service Abrechnungsgesellschaft mbH and Delta-t Messdienst Fischer und Nagel GmbH as part of owner successions. The previous managing directors will accompany the transition. With these acquisitions, Officium is expanding its market presence and increasing the number of managed user units by more than 50 percent. Officium was founded at the end of 2020 in the course of the acquisition of Tenié und Gores GmbH, a leading independent submetering service provider for the metering and billing of water and heat for the housing industry, and acts as the parent company for the implementation of the consolidation strategy.
Officium is already operating in regions around the cities of Düsseldorf and Duisburg as well as Dessau-Roßlau, Dresden and Chemnitz. From the two locations in Wesel (North Rhine-Westphalia) and Schwarzenberg (Saxony), more than 10,000 customers, primarily property management companies and private landlords, with over 90,000 user units with more than 500,000 devices are serviced. With the acquisitions which have now been completed, Officium is expanding to further regions and will in the future also be represented in Berlin, Brandenburg, Mecklenburg-Western Pomerania and Lower Franconia. In addition, the market position in Saxony-Anhalt and Saxony will be strengthened. The goal is to offer new digital services for all operating units and thus further increase customer orientation and service quality.
Dr Alexis Tran-Viet, Partner at EMERAM, comments: "The market for submetering and energy services is very attractive. Digitalisation as well as new services are drivers of the transformation. Therefore, we are pursuing an active consolidation strategy. After the entry in December, we will significantly strengthen the market presence of our platform investment Officium with the two add-on acquisitions and implement our buy & build strategy."
Stephan Kiermeyer, Managing Director of Officium GmbH, added: "We will continue our growth path and, in addition to organic growth, plan to expand our presence across Germany through further acquisitions of small- and medium-sized submetering service providers. In this context, EMERAM Capital Partners supports our buy & build strategy as business development partner."
René Geister, Managing Director of Systeme & Service Abrechnungsgesellschaft mbH, explains: "As a leading independent provider, Officium is the ideal platform to continue our business. The company stands for pronounced customer orientation and high service quality. We are pleased to have found the ideal partner for the future."
Matthias Nagel, Managing Director of Delta-t Messdienst Fischer und Nagel GmbH, says: "With the acquisition of Tenié und Gores GmbH, Officium is a strong platform and has proven that it can develop companies further. The entrepreneurial mindset and good cooperation of all parties were important factors in the negotiations."
The parties have agreed not to disclose the purchase price of the transactions, which have now been completed. EMERAM was advised by Noerr (Legal) and Alvarez & Marsal (Financial).
EMERAM is one of the leading investment companies for medium-sized companies in the German-speaking region. Funds advised by EMERAM currently provide 400 million euros of capital for the development of companies. The portfolio includes companies from the Technology/Software, Value-added Services und New Consumer Staples sectors.
EMERAM acts as a long-term business development partner for its companies and supports the sustainable growth (organic and inorganic) of its portfolio companies. Currently, the portfolio contains 6 platform investments, which generated continuously double-digit organic sales growth rates. Additionally, through more than 20 add on acquisitions significant in-organic growth and international expansion came on top.
Officium GmbH was founded as a platform investment by funds advised by EMERAM in 2020. As a parent company, Officium manages Tenié und Gores GmbH, a leading independent submetering and energy service provider for consumption-based metering and billing of water and heat for the housing industry. The focus is on the regions around the cities of Düsseldorf, Duisburg, Dessau-Roßlau, Dresden and Chemnitz.
Systeme & Service Abrechnungsgesellschaft mbH, based in Berlin, was founded in 1999. The company is mainly represented in the regions of Berlin, Brandenburg, Saxony, Thuringia and Saxony-Anhalt.
Delta-t Messdienst Fischer und Nagel GmbH has been active as a submetering services company in the field of heating and energy cost billing since 2004. The company is mainly active in Würzburg and the surrounding area.