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Photo: Dr. Ruprecht Puchstein, Partner at EMERAM in Munich (Photo © EMERAM)

EMERAM takes over high-frequency management consultancy

Photo: Dr. Ruprecht Puch­stein, Part­ner at EMERAM in Munich (Photo © EMERAM)
23. Janu­ary 2026

Munich (DE) — Funds advi­sed by EMERAM have signed an agree­ment to acquire Hoch­fre­quenz Unter­neh­mens­be­ra­tung GmbH (“Hoch­fre­quenz”). With this tran­sac­tion, EMERAM streng­thens its commit­ment in the tech­no­logy and energy sector and makes a targe­ted invest­ment in a fast-growing indus­try. EMERAM is one of the leading growth inves­tors for medium-sized compa­nies in the German-spea­king region. 

Hoch­fre­quenz, based in Grün­wald near Munich, was foun­ded in 2009 and supports energy supply compa­nies in German-spea­king count­ries in stra­te­gic, tech­no­lo­gi­cal and opera­tio­nal issues. These include, in parti­cu­lar, incre­asing regu­la­tory comple­xity, the digi­tal and cloud-based trans­for­ma­tion of busi­ness and IT proces­ses and the growing need to auto­mate opera­tio­nal proces­ses. Outda­ted system land­scapes, frag­men­ted proces­ses and an incre­asing shortage of skil­led workers are making it diffi­cult for many compa­nies to imple­ment urgen­tly needed trans­for­ma­tion projects. Many energy suppli­ers see a considera­ble need to catch up in these areas — a deve­lo­p­ment that will conti­nue to drive demand for Hoch­fre­quen­z’s specia­li­zed consul­ting services in the future. 

Hoch­fre­quenz has grown stron­gly and profi­ta­bly in recent years. Toge­ther with EMERAM as a stra­te­gic deve­lo­p­ment part­ner, the company will now make targe­ted invest­ments in the expan­sion of its consul­ting and imple­men­ta­tion exper­tise, in digi­tal solu­ti­ons and in orga­nic growth. The exis­ting manage­ment team will remain respon­si­ble for the manage­ment of the company. 

Andreas Hoel­zer, Mana­ging Part­ner of Hoch­fre­quenz, welco­mes the colla­bo­ra­tion: “With EMERAM, we are gaining a strong part­ner that actively supports our stra­te­gic direc­tion and our growth course. Toge­ther, we want to support our custo­mers even more compre­hen­si­vely with regu­la­tory, tech­no­lo­gi­cal and orga­niza­tio­nal challenges.”

Thors­ten Förg, Mana­ging Part­ner of Hoch­fre­quenz, adds: “We have alre­ady grown profi­ta­bly in recent years and would now like to take the next step with EMERAM in order to further acce­le­rate our growth and expand our service port­fo­lio in a targe­ted manner.”

Dr. Ruprecht Puch­stein, Part­ner at EMERAM, explains: “The energy indus­try is under­go­ing profound struc­tu­ral change. Regu­la­tory requi­re­ments and digi­ta­liza­tion pres­sure in the energy supplier land­scape are not short-term trends, but long-term demand drivers for radio frequency. Hoch­fre­quenz has proven exper­tise and a strong market posi­tion to provide its custo­mers with the best possi­ble support in the upco­ming trans­for­ma­tion processes.”

Felix Hasen­maier, Prin­ci­pal at EMERAM, adds: “High Frequency has in-depth domain know­ledge and ther­e­fore offers an excel­lent basis for lever­aging the poten­tial of digi­tal trans­for­ma­tion, auto­ma­tion and arti­fi­cial intel­li­gence. Toge­ther with the manage­ment, we want to deve­lop the company into a broad-based plat­form for the tech­­no­­logy-driven shaping of the energy transition.”

Consul­tant EMERAM:

Valan­tic (Commer­cial)

Noerr (Law and Tax)

Alva­rez & Marsal (Finance) advised.

Advi­sor to Hoch­fre­quenz GmbH and its share­hol­ders: Diss­mann Orth (Legal)

About EMERAM — www.emeram.com
EMERAM is one of the leading invest­ment mana­gers for medium-sized compa­nies in the German-spea­king region. Funds advi­sed by EMERAM provide more than 700 million euros of capi­tal for the deve­lo­p­ment of growing compa­nies. The port­fo­lio includes tech­­no­­logy-driven compa­nies in the areas of digi­tal trans­for­ma­tion, energy tran­si­tion and health & well­be­ing. EMERAM acts as a long-term busi­ness deve­lo­p­ment part­ner and promo­tes the sustainable growth — both orga­ni­cally and through targe­ted acqui­si­ti­ons — of its port­fo­lio compa­nies. EMERAM also consis­t­ently focu­ses on the imple­men­ta­tion of holi­stic ESG concepts.
The port­fo­lio curr­ently compri­ses nine plat­form invest­ments with a total of more than 3,000 employees. The compa­nies conti­nuously achieve double-digit orga­nic sales growth. More than 30 add-on acqui­si­ti­ons have also acce­le­ra­ted growth and enab­led inter­na­tio­nal expansion.

About Hoch­fre­quenz Unter­neh­mens­be­ra­tung GmbH — www.hochfrequenz.de
Hoch­fre­quenz Unter­neh­mens­be­ra­tung GmbH, based in Grün­wald near Munich, supports energy supply compa­nies in German-spea­king count­ries in stra­te­gic, tech­no­lo­gi­cal and opera­tio­nal issues, parti­cu­larly in the trans­for­ma­tion of busi­ness and IT proces­ses. Hoch­fre­quenz has five loca­ti­ons in Germany and employs over 120 people.

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