With TEHA Technischer Hausservice GmbH (TEHA), B Capital’s Sustainable Infrastructure Fund II has made its third acquisition for its smart sub-metering platform in Germany. This follows the acquisition of MP Energie + Service AG in 2023, which forms the nucleus of the platform, as well as Kniepe Mess- und Wärmetechnik GmbH & Co KG earlier this year. With TEHA, the metering platform nearly doubles both, its size as well as its positive energy efficiency impact. The metering sector is a key contributor to decarbonisation, enabling all market participants in the water and energy value chain to reduce their usage of water, heat and power.

B Capital’s underpins its commitment to invest in the highly undercapitalised European small-mid cap market that drives the decarbonisation of the economy where the positive impact on climate, biodiversity, and society is particularly high.

B Capital Partners herewith proves once again its excellent network and origination capabilities in the German Mittelstand. Furthermore, B Capital demonstrates its ability to build-to-scale within a year its second platform of small-mid market assets, which has the potential to become a substantial metering player in the German market.

Founded in 1971 and owned by two families, TEHA is among the leading independent submetering companies in Germany with a strong market position in the Rhein-Main-Neckar region. TEHA’s geographical presence and its highly digitized business operations lead to attractive margins, making TEHA a perfect fit for B Capital’s metering platform. TEHA expands the platform’s geographical reach and provides additional resources to grow further, organically and via add-ons. B Capital aims to acquire further targets from owners who are considering strategic options in light of increasing regulatory requirements.

After already having built-to scale the largest independent battery storage platform in Germany with ca. 200MW, this time B Capital executes its build-to-scale platform strategy by investing in targets that rent to real estate owners and property management companies – on the basis of long-term contracts - smart submetering devices for heat, water and – going forward – also power. In addition, such firms offer necessary, associated maintenance and billing services.

Barbara Weber, Managing Partner at B Capital Partners AG, commented: “We are excited to grow our metering platform with TEHA. Our gratitude goes to Gómez Group Metering (Madrid) and its co-shareholder for entrusting us with their outstanding enterprise. We are looking forward to combining the best of these firms to create a powerful, dynamic, and fully digitized platform using its excellent software. Further exciting opportunities are ahead of us, thanks to the drive towards carbon neutrality and ensuing regulation.”

TEHA’s main shareholder and CEO of Gómez Group Metering Luis Alfonso Cid Fuentes Gómez commented: “At Gómez Group Metering we are very proud to have successfully completed the sale of our German subsidiary TEHA to B Capital Partners. We consider that this will be very beneficial for all our employees and customers.”