In this Research Note, we examine the building automation business of Bravida Holding AB, a 100-year old Swedish company with a vision statement of “bringing buildings to life”.   This analysis is based on their 2021 Annual Report, investor presentations, growth strategy and M&A activities. Bravida operates in the Nordic market for technical service and installation of buildings and facilities. Bravida’s core market had total turnover of approx. SEK 291 billion in 2021, according to their 2021 Annual Report.  Bravida has a market share of approx. 7.6% in the Nordic region and is a market leader in Sweden, Norway and Denmark. Bravida provides end-to-end solutions for electrical systems, heating and plumbing, ventilation and other technical functions in buildings and facilities. Bravida has 12,000 employees and branches in 172 locations across the Nordics. Their shares are listed on the Nasdaq OMX Large Cap in Stockholm. In 2021, Bravida achieved its best-ever earnings, ending the year with sales of SEK 21.9 billion (USD 2.2 billion), […]