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Partners Group consortium to buy Techem in $5.4 billion deal

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Staff Writer | Friday May 25, 2018 9:53AM ET
Techem
Acquisition   One value creation initiative

A consortium led by Swiss asset manager Partners Group Holding will buy Techem from Macquarie in a deal that values the German metering comp


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The buyers include Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers’ Pension Plan as well as Techem’s management team.

They plan to work with Techem’s management to further develop the company, which supplies energy invoicing and energy management in buildings, in existing markets and expand into new geographic markets.

“One value creation initiative will focus on the introduction of new technologies to Techem’s strong existing platform and installed base to enhance the customer experience,” Partners Group said.

The transaction values Techem at roughly 13 times expected 2018 core earnings.

 

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