Munich — 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 independent and one of Germany’s leading metering and billing service providers for water and heat in apartment buildings and commercial properties. As an umbrella company of regional metering service providers, the current transaction means that the company has acquired nine providers in the past 22 months and manages more than one million meters. — The parties have agreed not to disclose the purchase price. Officium was advised by Noerr (Legal).
With its ninth acquisition, Officium is now also represented in the Munich metropolitan region. The Group is thus consistently expanding its presence in Bavaria.
Dr. Alexis Tran-Viet (Photo © Emeram)., Partner at EMERAM Capital Partners, explains: “With ifena, Officium becomes a technology company with software that can read and analyze data across manufacturers and can therefore be used much more flexibly. This means that new business areas such as the digitization of real estate and energy efficiency cooperations resulting from the amendment of the Heating Costs Ordinance can be developed more quickly.”
Stephan Kiermeyer, Managing Director of Officiumadds: “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 heating cost billing 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 well filled.”
ifena founder Alexander Lasslop: “We are delighted about the sale to an experienced and fast-growing provider of heating cost billing services in Germany. The technology developed by ifena will enable even more consumers to enjoy daily consumption transparency and thus savings in the future. Against the backdrop of current price increases in the energy sector and ambitious climate protection targets, this is more relevant than ever and can be offered to all interested Officium customers in the future.”
ABOUT OFFICIUM — www.officium.gmbh
Officium GmbH is one of the leading independent metering and energy service providers for consumption-based metering and billing of water and heat for the housing industry. The company was established as a platform investment of funds advised by EMERAM in 2020. As an umbrella company, Officium manages numerous regional providers and has a presence primarily 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 (Upper and Lower Franconia and Munich). Customers are primarily small and medium-sized property management companies and private landlords. More than one million measuring units are now supplied.
About EMERAM CAPITAL PARTNERS — www.emeram.com
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 in capital for the development of growth 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 focus is on the implementation of holistic ESG concepts.
The portfolio currently consists of six platform investments with a cumulative workforce of more than 2,500. The companies continuously achieve double-digit organic sales growth. In addition, a total of 31 add-on acquisitions to date have accelerated growth and enabled international expansion.