Rivean Capital completed the acquisition of a majority stake in Engelmann from Deutsche Private Equity.

Rivean Capital, a private equity firm, completed the acquisition of a majority stake in Engelmann, a developer and manufacturer of smart submetering technologies, from Deutsche Private Equity, an investment firm. Financial terms were not disclosed. “Together with management, we plan to actively shape Engelmann’s next growth phase. We see significant potential to further expand Engelmann’s strong market position – particularly through technological portfolio enhancements, consistent internationalization, and targeted add-on acquisitions,” Alexander Dokters, Rivean Capital Director and member of the Investment Team.