KKR has announced an investment in German energy services provider EGC through its infrastructure division, aligning with its climate strategy. The partnership will see EGC’s founding family and existing shareholders retain a stake in the company and remain actively involved in its management. ITG, an engineering services provider within the EGC group, is also included in the agreement. Financial terms of the deal have not been disclosed.
As part of the investment, Michael Lowak, former Germany CEO of GETEC Group, will take on the role of chairman at EGC.
Ryan Miller, Managing Director in KKR’s European infrastructure team, highlighted the need for innovative solutions and long-term capital to accelerate Germany’s energy transition. He noted the increasing demand for contracting solutions in a fragmented market, stating that the partnership aims to establish EGC as a leading decarbonisation partner for the real estate sector.
EGC operates across the energy and building technology value chain, offering services in planning and development, financing, ownership, and the operation of heating and electricity infrastructure, as well as energy supply.
EGC’s management team, Corinna Pitz and Dirk Pitz, welcomed the collaboration, emphasising that KKR’s involvement would strengthen the company’s market position and growth opportunities. They described KKR as a strategic partner that shares their entrepreneurial vision.
Lowak underscored EGC’s role in enabling landlords to plan, implement, and finance property decarbonisation, contributing significantly to both the real estate industry and Germany’s broader energy transition.
