Mubadala Investment Company, in partnership with Partners Group, GIC, and TPG Rise Climate, has entered into an agreement to acquire Techem, a leading Germany-based property technology firm, for AED 29 billion ($7.8 billion). The transaction, expected to close in the second half of 2025, remains subject to customary regulatory approvals.
Founded in 1952 in Frankfurt, Techem is a major international provider of digitally enabled energy management solutions for the real estate sector. With operations in 18 countries and over 440,000 clients, the company services 13 million residential units worldwide. Techem’s technology aims to boost energy efficiency, reduce CO₂ emissions, and lower consumption and costs for property owners and landlords—using scalable, non-invasive solutions.
Supporting sustainable urban development
With roughly 62 million of its devices already installed globally, Techem plays a key role in the decarbonisation of the global real estate sector, which is responsible for nearly 40% of total CO₂ emissions.
Abdulla Mohamed Shadid, Head of Energy and Sustainability at Mubadala’s Private Equity Platform, stated:
“The decarbonisation of the real estate sector continues to be a global priority for better and more sustainable living. As a trusted and leading sub-metering services provider with a digital edge, Techem is well positioned to continue leading this transition, improving the energy management of buildings through better efficiency and consumption.”
Shadid also highlighted Mubadala’s long-term commitment to purposeful capital deployment and sustainable investment strategies.
“We are delighted to be investing alongside Partners Group, GIC, and TPG Rise Climate and to be supporting Techem as it continues to expand and strengthen its value proposition.”
Aligning innovation with impact
The deal reflects a growing trend among sovereign investors to support technology-driven climate solutions, particularly those focused on improving urban sustainability and built-environment resilience. By leveraging Techem’s digital capabilities, Mubadala aims to accelerate decarbonisation goals across its global investment portfolio.
This acquisition comes on the heels of Mubadala’s strong financial performance in 2024, reinforcing its role as a global leader in high-impact, long-horizon investing.
