Press & news
Investment company EMERAM: Portfolio company Officium with further acquisition in the market for submetering services
• Acquisition of delta-t Messdienst & Consulting GmbH & Co. KG completed
• Expansion into Thuringia
• Consolidation strategy will be continued also after the seventh takeover
Munich, 1 April 2022: Officium GmbH, a portfolio company of the investment company EMERAM, continues its growth course and has successfully completed the acquisition of delta-t Messdienst & Consulting GmbH & Co. KG in Rudolstadt, Thuringia. Officium is one of Germany's leading independent submetering and energy services providers for the metering and billing of water and heat for the housing industry. As parent for several regional companies, Officium is implementing a consolidation strategy and has acquired four submetering services providers in 2021, mostly in the course of a succession plan.
With the now completed acquisition of delta-t Messdienst & Consulting GmbH & Co. KG, Officium is expanding into Thuringia. The members of the existing management team will accompany the company’s further development. Officium has so far been mainly represented in Berlin, Brandenburg, Lower Saxony, North Rhine-Westphalia, Mecklenburg-Western Pomerania, Saxony-Anhalt, Saxony and Bavaria (Lower Franconia).
Markus Gyssler, Partner at EMERAM Capital Partners, comments: "Within a short period of time, Officium has established itself as a leading independent provider in the market for submetering services. Furthermore, Officium is an attractive platform for entrepreneurs who seek a succession plan for their companies. As Business Development Partner, EMERAM Capital Partners supports this consolidation course."
Stephan Kiermeyer, Managing Director of Officium GmbH, explains: "Our buy-and-build strategy is paying off. With the seventh acquisition, we are once again strengthening our market position and will now also be active in Thuringia. We still see considerable growth potential in the submetering services market - through additional digital offerings and further acquisitions."
Jürgen Walter, Managing Director at delta-t Messdienst & Consulting GmbH & Co. KG, adds: "Our customers and employees will benefit considerably from Officium's comprehensive know-how and awareness for regional offerings, as well as the continued local proximity and presence. We are therefore pleased to continue our business within the strong platform of Officium."
The parties have agreed not to disclose the purchase price. Officium was advised by Noerr (Legal) and Alvarez & Marsal (Financial).
Officium GmbH is one of the leading independent submetering and energy service 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 Officium manages the companies Tenié und Gores GmbH, Systeme & Service Abrechnungsgesellschaft mbH, delta-t Messdienst Fischer und Nagel GmbH, Exakta Wärme- und Wasserzähler Service GmbH as well as Wärme-Mess-Service GmbH and delta-t Messdienst & Consulting GmbH & Co. KG. Officium is mainly 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 Franconia). Customers are primarily small and medium-sized property management companies and private landlords.
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 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 28 add-on acquisitions accelerated the growth and enabled international expansion.