• The Infrastructure Investments Fund (IIF) is an investment vehicle advised by J.P. Morgan Investment Management Inc.
• GETEC operates more than 11,500 plant assets in nine European countries with more than 5.4 GWth of cumulative installed capacity
• As a leading provider of energy solutions, GETEC saves more than 610,000 tons of CO₂ per year for its customers

Magdeburg, Germany, 12 April, 2022 – The acquisition of GETEC Group by the Infrastructure Investments Fund (IIF), an investment vehicle advised by J.P. Morgan Investment Management Inc., was legally completed on April 12th, 2022. With the closing of the transaction, all contractual conditions as well as the necessary antitrust reviews have been fulfilled. In November 2021, the previous investors EQT Infrastructure III (EQT) and GETEC Energie Holding GmbH (GEH) entered into a sale and purchase agreement with IIF for 100% of the shares in GETEC.

GETEC provides sustainable, smart and efficient energy solutions to customers in the real estate and industrial sectors across Europe. The company has achieved tremendous growth and today operates more than 11,500 plant assets in nine European
countries with more than 5.4 GWth of cumulative installed capacity and over 2,200 employees. In addition to strong organic growth, GETEC has developed from a German to a pan-European market leader in recent years through a total of six large-scale mergers and acquisitions and has established independently operating regional platforms in Switzerland, Italy and the Netherlands in addition to Germany.

GETEC has demonstrated its leadership in sustainability through a comprehensive and well-founded Net Zero roadmap to 2045. Already today, GETEC achieves a saving of more than 610,000 tons of CO₂ per year for its customers.

“We are thrilled to have reached this milestone with the completion of the acquisition of GETEC and to inherit a world class business from EQT and Dr. Karl Gerhold,” said Matthew LeBlanc, Chief Investment Officer, IIF. “GETEC has significant opportunities to expand as the market leader delivering innovative, secure, green energy solutions for its customers, stakeholders and communities. We look forward to working with CEO Thomas Wagner and the management team to support GETEC’s growth strategy to address the energy transition across Europe.”

“GETEC has been at the centre of the European energy transition since the company was founded in 1993, and we are proud to have accelerated this critical mission over
the past five years,” said Matthias Fackler, Partner within EQT Infrastructure’s Advisory Team. “Today, GETEC is exceptionally well-positioned to continue leading and benefiting from the global focus on decarbonisation, thereby setting it up to achieve superior long-term growth. With IIF we have found a very good new owner to support this.”

“I would like to thank EQT for the path we have taken together,” said Dr. Karl Gerhold, founder of GETEC and managing shareholder of GEH. “GETEC is now even better positioned and the leading solution provider for industry and real estate, for a good climate policy future. I am pleased that with IIF, a new owner is now taking over who will continue this path and further develop the company and the site.”

“Through EQT and GEH, GETEC has taken a huge step towards becoming Europe’s leading provider of decentralised energy services,” said Thomas Wagner, CEO, GETEC. “IIF is the right partner to continue this progress and further GETEC’s mission to support industrial and real estate customers across Europe on their path to decarbonisation.”

"We are very happy to have gained a strong long-term oriented owner such as IIF, who is highly experienced in the energy sector and definitely shares the same passion for sustainable energy solutions as we do.” - Thomas Wagner, CEO GETEC.

About GETEC
GETEC is Europe's leading specialist for reliable, decarbonised energy and infrastructure solutions. With more than 3,100 dedicated employees at around 50 locations, we leverage our engineering, regulatory, and sustainability expertise to help our industrial and real estate customers navigate the complexities of the modern energy landscape while significantly reducing their carbon footprint. Operating over 11,000 plants, the company has a broad decarbonised technology offering. GETEC develops, finances, and runs critical energy infrastructure and industrial parks across Europe through its regional platforms in Germany, Italy, Switzerland, Benelux, Austria and Poland.