GWH completed the acquisition of in Othermo.

GWH, a large housing company, primary business is management and development with the aim of providing safe and socially responsible housing, completed the acquisition of a minority stake in Othermo, a PropTech company specializing in cross-manufacturer and cross-technology optimization of heating systems. Financial terms were not disclosed. “With this innovative solution for the housing sector, we are not only tapping into new earnings potential for our portfolio, we are also significantly accelerating our decarbonization path, we are convinced that the maximally efficient use of energy will play an increasingly important role across the industry, not least because of the immense rise in energy prices and the urgent need to reduce emissions. This is another reason why we have decided to invest in othermo GmbH and thus participate in this important development as a shareholder,” Stefan Bürger, GHW CEO.