Mubadala Investment Company, the Abu Dhabi-based investment firm, has joined forces with Partners Group, GIC, and TPG Rise Climate to acquire Techem, a leading international provider of digitally enabled energy efficiency solutions for the real estate sector, in a deal valued at approximately Dhs29bn (EUR 6.7bn).
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to complete in H2 2025.
Founded in 1952, Techem serves over 440,000 customers across 18 countries and supports energy efficiency for more than 13 million dwellings worldwide.\
Techem offers low-investment, non-invasive services that enhance energy efficiency
The company offers low-investment, non-invasive services that enhance energy efficiency, reduce costs, and lower CO₂ emissions, making it a key player in the long-term decarbonization of the real estate industry, a sector responsible for roughly 40 per cent of global CO₂ emissions.
Techem currently has approximately 62 million devices installed globally.
Decarbonisation of real estate sector continues to be a global priority
“The decarbonisation of the real estate sector continues to be a global priority for better and more sustainable living,” said Abdulla Mohamed Shadid, head of Energy and Sustainability at Mubadala’s Private Equity Platform.
“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,” he added.
“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. This transaction aligns with Mubadala’s long-term commitment to deploying capital purposefully and helping to find solutions to global challenges,” said Shadid.
The acquisition underscores growing investor interest in scalable sustainability solutions as the global property sector faces increasing pressure to cut emissions and modernise energy infrastructure.
