RITTERWALD supports FLÜWO in a strategic partnership for submetering services
FLÜWO starts a long-term collaboration with Hecon in June 2026 for the billing and submetering services of its 10,500 flats
RITTERWALD advised FLÜWO Bauen Wohnen eG, one of the largest housing cooperatives in south-west Germany, on a strategic partnership with Hecon Abrechnungssysteme GmbH in submetering services and supported the transaction throughout the process.
As part of the partnership, Hecon will take over the entire billing and installation business of heat meters, water meters, heat cost allocators and smoke detection devices for FLÜWO’s portfolio of almost 10,500 flats as of 1 June 2026. The long-term cooperation aims to combine the expertise of FLÜWO and Hecon and to further develop billing and submetering operations in a sustainable, reliable and cost-efficient manner.
“With a high level of professional expertise and clear process management, RITTERWALD guided us through every phase of the project and made a significant contribution to the partnership’s success.”
As an independent management consultancy, RITTERWALD supported FLÜWO throughout the strategic preparation and structuring of the cooperation. This included end-to-end M&A process management, professional data room management, and support throughout the due diligence process. RITTERWALD also advised FLÜWO during contract negotiations, including the development of a new framework agreement for long-term cooperation in billing and submetering services, laying the foundation for the future partnership.
“FLÜWO is a highly valued client of RITTERWALD. We are proud to have supported the company across strategy, organisation and procurement projects in the past years. Building on our expertise in submetering services and heating cost billing, we were also pleased to support this transaction from an M&A perspective. We congratulate FLÜWO and Hecon on their new partnership.”
FLÜWO is one of the largest housing cooperatives in south-west Germany, with over 10,500 flats across 33 locations.
Hecon is a family-owned company based in Rottenburg with many years of experience in heating cost billing and submetering technology.
RITTERWALD is an execution-driven strategy and transaction consultancy with offices in Berlin, Frankfurt am Main and Amsterdam. With a team of more than 50 professionals, it brings extensive expertise in the real estate sector and related industries.
