DEAL ANNOUNCEMENT | INVESTMENT INTO SMART METER SPECIALIST HAUSHELD AG

DEAL ANNOUNCEMENT | OX8 CORPORATE FINANCE EXCLUSIVELY ADVICES HAUSHELD AG ON THE INVESTMENT BY ANCALA

Frankfurt / Mönchengladbach / London, 06 November 2024

ox8 Corporate Finance has acted as exclusive M&A and growth capital advisor to smart meter specialist Hausheld AG in securing financing for the further roll-out. Leading international infrastructure investor Ancala acquired a 50% stake in the company.

Headquartered in Mönchengladbach, Hausheld AG is one of the largest independent smart metering operators in Germany.

The digital transformation of the energy industry is critical to Germany’s energy transition as it informs more intelligent energy usage. Hausheld AG’s advanced and proven smart meter solutions support Germany’s plans to achieve climate neutrality by 2045 by enabling municipal utilities to pursue city-wide smart meter roll outs without any upfront costs. This supports the German government’s national smart meter rollout targets from 2025 onwards.

Ancala’s investment and proactive support will provide Hausheld AG with additional funding and expertise to expand and deliver on its secured pipeline of more than 200,000 smart meter installations. The infrastructure manager’s investment complements German investment company Deutsche Beteiligungs-AG in the group of shareholders of Hausheld AG, which invested in 2020 and will remain invested in the business.

Bouke Stoffelsma, CEO, Hausheld AG, comments:”Hausheld is committed to supporting the energy transition in Germany by providing industry-leading end-to-end smart metering solutions to municipal utility companies. The orders have recently become so large that we can no longer finance them in Germany alone. Previously, we have served municipal utilities with 10,000 to 100,000 meters. With Ancala, as a multi-billion Euro infrastructure financier, we can now finance major smart meter rollouts in Germany and are empowered to implement the smart meter rollout for municipal utilities with more than 100,000 metering points. We’re looking forward to working with the Ancala team and customers to deliver these solutions going forward.

Reflecting on the intensive collaboration with ox8 Corporate Finance during recent months, Bouke Stoffelsma notes: “ox8 provided highly competent support throughout the entire fundraising process, so that we can now also utilize international infrastructure financing. In addition to the professional, reliable and trusting cooperation, an important building block for the success was the very good understanding and excellent documentation of the complex legal and economic contexts of German smart metering!

Tim Power, Partner, Ancala, adds:”Hausheld is a market-leading smart metering business with a unique delivery model that is already delivering on Germany’s ambitious metering targets. We could not be prouder to partner with Bouke and his team to take the company’s success to the next level. We are looking to provide significant capital to the business and to apply our experience of scaling similar platforms in our existing portfolio to help Hausheld build on its leading position in the market, accelerating the digitalisation of Germany’s grid.

Financial details of the transaction are undisclosed.

About Hausheld (www.hausheld.info)
Hausheld AG, headquartered in Mönchengladbach, is a full-service provider specializing in smart meter rollouts for municipal utilities. The approximately 80 experts based in Mönchengladbach, Hameln, and Heidelberg currently operate around 80,000 smart meters, with thousands more being added each week. The company is certified by the Federal Office for Information Security (BSI) for the operation and administration of smart meter gateways, holds various patents, and in 2023 acquired leading smart meter products from the U.S. company Itron, including production facilities.
About Ancala (www.ancala.com)
Ancala is a leading independent infrastructure manager that executes infrastructure investments with a differentiated approach. Ancala pursues an entrepreneurial and cooperative strategy to achieve sustainable, long-term outcomes for our investors, portfolio companies, and stakeholders.
About ox8 Corporate Finance (www.ox8-cf.com)
ox8 Corporate Finance is an independent corporate finance boutique founded in 2018 by experienced M&A specialists. Corporate finance advisory services are offered with a focus on M&A as well as Growth Capital in the Software/ Saas, Digital Commerce, Technology/ IT services and Healthcare sectors. The team has an excellent international network to financial investors and strategic buyers. ox8 Corporate Finance has offices in Frankfurt am Main and Aschaffenburg.
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