EMERAM completed the acquisition of Tenié and Gores.

EMERAM, an investment company, completed the acquisition of Tenié and Gores, an independent submetering service provider for the metering and billing of water and heat for the housing industry. Financial terms were not disclosed. "With TuG we are acquiring an excellently managed company. We are entering a dynamic market whose fragmented structure, in combination with the upcoming technology shift towards wireless measuring devices, offers considerable growth potential. Based on TuG's strong customer orientation and its recognised high quality of service, we will continue to expand the company's innovation leadership in the technology and services sector and open up new regions through additional acquisitions. We are delighted that in Andreas Göppel we have been able to win an experienced manager and proven industry expert to implement this strategy together with us," Markus Gyssler, EMERAM Senior Partner.