Divestments

GETEC

The leading German decentralized heat, power and cold contracting and asset-based energy services company

Services are provided under long-term contracts to industrial clients as well as to the real estate/housing sector.

  • Sektor
    Energy & Environmental
  • Land
    Germany
  • Fond
    EQT Infrastructure III
  • Entry
    2017
  • Web
  • Exit
    2022-04-12
  • Societal Contribution

  • 7Affordable and clean energy
  • 8Decent work and economic growth
  • 9Industry, innovation and infrastructure
Logo

About GETEC
GETEC was founded by Dr Karl Gerhold in 1993 and is today one of the market leaders in energy services in Germany. The GETEC brand stands for tailor-made, efficient and sustainable energy solutions, implemented by a group of highly qualified engineers. The group currently operates around 8000 decentralized energy production plants in Germany and neighboring markets.

The EQT Infrastructure investment strategy entered a strategic partnership with GETEC. The partnership jointly developed the companies GETEC heat & power and GETEC WÄRME & EFFIZIENZ under a newly formed joint venture company G+E GETEC Holding GmbH. EQT Infrastructure owned 75 percent of the joint venture company.

GETEC under EQT's ownership
Since welcoming EQT Infrastructure as new majority shareholder in 2017, GEH and EQT Infrastructure jointly undertook a series of initiatives to future-proof GETEC, driven by a new management team and supported by a high-caliber industrial advisory board. Significant achievements include developing a best-in-class sales function, optimizing GETEC’s operations, digitalizing the plant portfolio and expanding its green solution offering.

In addition to delivering a strong organic growth track-record, with the support of EQT Infrastructure and GEH, GETEC expanded from a German into a pan-European market leader through six large-scale M&A bolt-ons, establishing a strong foothold in Switzerland, Italy and the Netherlands.

GETEC demonstrated its sustainability leadership through a comprehensive and well-substantiated net-zero roadmap through to 2045.

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