In this Research Note, we examine learnd SE, a Luxembourg public company operating in the UK and Ireland as a BMS integrator and energy management service provider. We focus on their 2024 financial results, announced on 30th April 2025, 2024 Annual Report, and Annual Results Presentation. This article updates our previous coverage of learnd’s buy-and-build strategy in March 2024. learnd Profile Founded in 2020, the learnd Group specializes in the provision and administration of cloud-based solutions for building management systems (BMS). learnd offers tailored services encompassing installation, management, and maintenance of these systems provided by third-party suppliers in its customers’ buildings. Additionally, learnd’s remote operations centre (ROC) and open data platform combine in-field and remote engineering expertise, ensuring real-time customer support. Through these services, customers can reduce the energy consumption and carbon emissions of their buildings, thereby decreasing their maintenance costs and enhancing overall cost and energy efficiency. learnd’s current operations and customers are primarily […]