Banking & Finance Mubadala buys stake in Germany’s Apleona By Pramod Kumar February 17, 2025, 12:12 PM Unsplash+/Getty Mubadala has invested in Germany's Apleona, which provides services such as HVAC maintenance Abu Dhabi’s Mubadala Investment Company will acquire a minority stake in Apleona, a German facility management services company. Mubadala’s investment was made through a consortium led by Bain Capital’s private equity team and will support Apleona’s growth and development across Europe. The transaction is subject to regulatory approvals. No financial details were given. Apleona provides services to regional and large cross-border customers, and says it meets the increasing demand for products that reduce energy consumption and CO2 emissions in buildings. The company is expanding its European platform investing in data and AI-based control systems for heating, ventilation and air conditioning systems and predictive maintenance of building technology. Apleona has completed 14 acquisitions in Europe, including Germany’s Gegenbauer Group, in 2023. Saudi pension fund invests in Tabby as valuation tops $3bn From fertiliser to minerals, GCC-Brazil ties move beyond oil Gulf sets the bar for proposed US sovereign wealth fund The facility management group has more than 40,000 employees and a turnover of €4 billion ($4.2 billion), according to its website. In January Mubadala outpaced Saudi Arabia’s Public Investment Fund in spending last year after the PIF reduced its global investments in 2024, according to the preliminary data from research company Global SWF. That accounted for nearly 20 percent of the $136.1 billion spent globally by sovereign wealth funds, while the PIF’s investments declined by 37 percent to nearly $20 billion in 2024, down from $31.6 billion in 2023.
