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While lighting makes up 95% of Acuity Brands revenue (they are now the largest lighting manufacturer in North America with over $4.01 billion in revenues), it is their Intelligent Spaces Group (ISG) business that focuses on smart buildings technology. In this Research Note, we examine the development of the ISG business and its recent financial results. Our analysis is based on their Q4 presentation, analyst call, 10K Report, y/e 31st August 2022 and activities throughout the fiscal year. Acuity’s Intelligent Spaces Group comprises the Distech Controls and Atrius brands, offering building management systems and software for improving energy efficiency, optimizing occupant experiences and monitoring physical assets. ISG generated net sales of $216.1 million for FY 2022, an increase of $26.1 million, or 13.7%, as compared to the prior year. ISG operating profit was $22.7 million for the same period, an increase of $12.8 million compared to the prior year. Distech Controls currently accounts for the majority of ISG segment sales. The company sells predominantly to system […]
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Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
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