Dentons advises othermo on strategic partnership with GWH Wohnungsgesellschaft

Frankfurt—Global law firm Dentons has advised technology company othermo on the sale of a 25.01 percent stake to GWH Wohnungsgesellschaft mbH Hessen. GWH’s investment will help grow othermo’s multi-vendor heating optimization solution with the goal of reducing energy consumption and costs and supporting the sustainability and digital transformation of the housing industry.

Founded in Alzenau (Bavaria) in 2018, othermo offers scalable solutions for the digitalization and optimization of heating systems. It analyzes and optimizes inefficient heating systems via remote access, enabling average energy savings of approximately 19 percent in existing buildings. The technology is already being used in several thousand properties.

As part of the Helaba Group and one of the largest residential property management and development companies in Hesse, GWH will be a strong strategic partner for othermo. Its subsidiary Systeno GmbH, which specializes in energy efficiency and heat supply, will take over sales of the othermo solution within the GWH portfolio. Furthermore, Vonovia, Europe’s leading property company, has been a shareholder of othermo since 2021.

A Dentons team led by partner Dr. Gesine von der Groeben provided othermo with comprehensive advice on all corporate law issues relating to the investment. Gesine von der Groeben also advised othermo when Vonovia invested in the company.