UAE – Mubasher: Mubadala Investment Company penned a joint agreement with Partners Group, GIC, and TPG Rise Climate to acquire Techem, a global provider of digitally enabled solutions for the real estate sector. 

The transaction, which is subject to customary conditions and regulatory approvals, will take place at a value of AED 29 billion (EUR 6.70 billion), according to a press release. It is expected to be executed in the second half (H2) of 2025.

Founded in 1952, Techem has more than 440,000 customers in 18 countries and services over 13 million dwellings.

The company helps the property sector and private landlords in boosting energy efficiency, lowering consumption, costs, and CO2 emissions through low-investment, non-invasive methods.

Its services contribute to the long-term decarbonization of the real estate sector, which accounts for around 40% of global CO2 emissions. Approximately 62 million of Techem's devices are currently installed worldwide.

Abdulla Mohamed Shadid, Head of Energy and Sustainability at Mubadala’s Private Equity Platform, said: “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 added: “This transaction aligns with Mubadala’s long-term commitment to deploying capital purposefully and helping to find solutions to global challenges.”