Düsseldorf/Frankfurt, 22 October 2026 - The energy service provider FASTR GmbH acquired Velero Energy Services GmbH and Contherma GmbH from the Velero Group on 30 September 2026. The two companies manage a heating portfolio of around 6,000 residential units. The transaction also covers existing district heating and contracting agreements with third-party providers. Going forward, FASTR will take over the operation and modernisation of the heating supply systems and intends to gradually further develop the heat supply in the property portfolios concerned together with Velero.

An interdisciplinary team from Grant Thornton in Germany led by partners Axel Wagner (Tax) and Justus Quack (Financial Advisory) supported FASTR throughout the entire transaction. The services provided comprised a financial due diligence and a tax due diligence as well as full support on tax and financial matters in connection with the transaction, including advice during the purchase agreement negotiations.

FASTR is an independent provider of energy services headquartered in Düsseldorf. The company covers the value chain from the planning and design of energy and building technology systems through their financing, construction and operation to energy supply. FASTR manages a property portfolio of more than 2 million square metres for over 260 customers and operates around 1,100 heating plants and around 75 site networks with more than 3,000 meters.

Prior to the transaction, Velero Energy Services GmbH and Contherma GmbH were subsidiaries of the Velero Group and manage heating supply systems within the property portfolio managed by Velero.

Advisor to FASTR: Grant Thornton in Deutschland - Axel Wagner (Partner, Tax), Justus Quack (Partner, Financial Advisory)

This text was automatically translated from the German original.