This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. According to our recently published Startups Report, M&A continues to be a significant growth strategy for many incumbents providing solutions and services in the smart buildings space, as they seek to augment their portfolio offerings. Startup companies are becoming increasingly attractive targets for a range of stakeholders operating across all stages of the building lifecycle. Our analysis revealed that 2019 and 2020 accounted for over 52% of these emerging player deals in the last nine years, confirming the consolidation trend and increasing recognition by potential acquirers of the benefits of closer collaboration with startups through minority investments and majority stakes. Examples over the last 2 years include: Nordomatic, the leading BMS system integrator in Scandinavia, announced a significant minority investment in Altacogni AB, the smart buildings startup which purchased the IoT platform and hardware assets of Stockholm-based Yanzi Networks, following its bankruptcy. YIT, […]