In this Research Note, we examine the Bemsiq AB business, based on their 2024 financials and the Year-End Report of their parent company presented on 11th February 2025 and the development of their buy and build strategy. Bemsiq Profile Bemsiq, with headquarters in Gothenburg, Sweden, consists of a group of 9 companies and 615 employees providing building automation field devices, including HVAC sensors, transmitters, room controllers, energy metering products, and including gateways, communication modules and IoT sensors. The group, a separate business area within Investment AB Latour, the listed Swedish mixed investment group, reported $179 million revenues in 2024. 2024 Financial Highlights Latour AB Investor Presentation, 11 February 2025 Bemsiq reported 2024 revenues of SEK 1,956 million, 23.6% growth versus prior year. Net sales grew organically by 3.7%, adjusted for exchange rate effects and acquisitions. 2024 acquisitions contributed with a strong growth, amounting to 20% for the full year. Even though several product development investments […]
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