Smart Buildings

Bemsiq Grows its Building Automation Field Devices Business to Over $100m

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Bemsiq AB, with headquarters in Gothenburg, Sweden, consists of a group of 10 companies and 475 employees providing building automation field devices and energy metering products.  The business was established by Latour, the Swedish investment group in 2016. In this Research Note, we examine the Bemsiq business, based on the investor presentations, annual report of their parent company and the development of their buy and build strategy in 2021. The business unit reported 2021 revenues of SEK 927 million (around $102 million), a 27.9% growth versus prior year, the majority of which is attributed to acquisitions.  The 2021 business mix included net sales data for the five main companies in the group: Produal, a Finnish specialist in sensors, transmitters and room controllers for building automation acquired in 2015 through a majority stake. 2021 net sales of SEK 335 million.S+S Regeltechnik, a German company acquired in October 2019, providing field devices and room controllers for building automation. 2021 net sales […]

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