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“The ceiling has long been the domain of the light fixture but IoT savvy lighting firms realized that it is also the ideal place from which to sense an environment. However, by transforming their lighting services into an IoT offering, lighting firms have entered the unfamiliar world of IT and into in direct competition with IT vendors,” we wrote in a 2017 article titled: Traditional Lighting Firms Seize The IoT Opportunity. “Now 100 year old lighting brands such as Phillips, GE, and OSRAM are rubbing shoulders with the likes of Intel, IBM and Cisco. They don’t have the same range abilities of course, but they are now playing on the same field; teaming up, complementing one another and in some cases competing for the same business,” the article continued with examples of lighting stalwarts Philips, Osram, and GE venturing into the IT space in a variety of ways. This month, semiconductor design firm ARM Holdings […]
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This Research Note examines the announcement of a new Honeywell Automation public company which will be formed from the spinoff of Building Automation (BA) and Industrial Automation (IA) businesses, reported in their Q4-2024 earnings call, on 6th February 2025. We also review the FY 2024 results and outlook for the Building Automation segment, highlighting its […]
In this Research Note, we examine the commercial HVAC business of Trane Technologies. This article is based on the announcement of their Q4 and full-year 2024 results, investor presentation, and transcript of 30th January 2025. We also highlight the progress of Trane’s digital building services through connected buildings and assets, its recent acquisitions, and its […]
Based on analysis from our latest research, Startups in Smart Buildings 2025, we examine M&A activity in the commercial buildings startups space. PitchBook has reported that M&A activity across all sectors in 2024 increased by 14% in volume and 19% in value YoY. In fact, deal activity reached its highest annual count ever, finishing with […]
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