Transaction

The completed capital increase has helped Hausheld to gain a long-term oriented partner for future growth. Hausheld offers full rollouts of smart meters to digitalise the power grid of entire cities whilst ensuring the highest data protection standards. The funds raised will be used to grow the company and expand its market position as approx. 50 million smart meters will have to be installed in Germany in the coming years.

For DBAG, the engagement is the first investment as part of the new investment strategy that also includes long-term, predominantly minority investments in growth companies.

Company

The Hausheld AG located in Moenchengladbach, Germany, offers a market-ready solution for the statutory introduction of smart meter systems. Hausheld has developed a scalable and intelligent communication network for a price-optimised full rollout of smart metering for municipal utilities. The company offers measuring and control systems for the digitalisation of the energy revolution and high-security IT solutions for smart cities. Hausheld’s product is one of a few products which is certified by the German Federal Office for Information Security (BSI).

Further information about Hausheld AG: www.hausheld.info