Creating an industry leader in energy efficiency

Macquarie supported Techem’s transformation into a substantial global energy efficiency provider for real estate, active in more than 20 countries. 

Swipe for more
Sector Infrastructure
Sub-sector Utilities
Location Germany


The real estate sector represents around 30 per cent of the world’s energy consumption and contributes up to 40 per cent of global emissions.1

Although new design and construction methods are helping to create more sustainable buildings, significant investment is required to enhance the energy efficiency of established properties to help meet global emissions reduction targets.

As one of the leaders in developing quality technologies across energy and water measurement, billing and management since the early 1950s – Techem was enabling homeowners, landlords and tenants to reduce their energy consumption and bills.

At the turn of the century, Techem’s suite of innovative consumption reduction products saw it become a market leader in Germany.

Recognising an opportunity to further develop Techem’s services and reach, a Macquarie Asset Management managed fund acquired 100 per cent of Techem between 2006 and 2009 through a take-private process and delisted the business from the Frankfurt Stock Exchange.


On taking ownership of Techem, Macquarie partnered with its management to invest more than €1 billion to develop a suite of highly efficient and cost-effective products that enable apartment buildings and commercial properties to reduce their overall energy consumption. 

Techem also expanded its service offering to provide more sustainable heat supply solutions, enhanced fire protection monitoring and products to improve drinking water quality.

In addition to enabling greater awareness around the efficient use of energy and water amongst its customers, Techem also recognised that it had a responsibility to lead by example by promoting environmental sustainability amongst its workforce.

The business ensured that the operations across its 50 branch offices around Germany were powered with certified green electricity. Utilising innovative building design, Techem improved its electricity usage and configured heating and cooling systems to reduce waste.

Outside of its offices, Techem also significantly expanded the use of hybrid and electric mobility solutions in its operations and maintenance fleet. Techem’s more than 3,500 staff were given access to company bicycles and were actively encouraged to utilise public transport on their commute and during business hours.


Techem’s continuous innovation and range of integrated and digitalised customer solutions saw the business extend its market leading position in Germany and expand into new markets. 

At the time of Macquarie’s divestment, Techem had approximately 51 million devices servicing 11 million dwellings across 20 countries.2

Importantly, Techem’s growth during Macquarie’s period of ownership has had a significant impact on advancing environmental sustainability, with its products and services helping to avoid a significant amount of CO2 emissions each year.

€1 billion invested to develop suite of innovative products

Managing around 51 million energy efficiency devices

Servicing dwellings across 20 countries

Macquarie provided great support in developing Techem into a global industry leader. Its international network and operational expertise helped us to transform the company into what it is today.”

Frank Hyldmar
Former Chief Executive Officer

All information current as at 31 March 2019, unless otherwise stated.

  1. International Energy Agency Sep 2022
  2. Techem

Related insights

No results message:
Displayed when filters returns no results.

We couldn't find any items that match your criteria.

Please reset your filter or adjust your selection.

Service unavailable:
Displayed when filter service cannot be reached.

Sorry, this service is currently unavailable.

Please try again later.