Carrier Global Corporation, established as an independent public company, following its spinoff from United Technologies Corp. in April 2020, is one of the top three global HVAC equipment manufacturers. In this Research Note, we examine two of its adjacent business areas - the Fire & Security and Building Automation businesses, based on Carrier’s 2021 10K Report, investor presentations and building technology-related activities throughout 2021. Carrier's Fire & Security brands include Kidde, Edwards, GST, LenelS2, Marioff, Autronica, Aritech, Det-Tronics, Onity, Supra and Fireye which provide product and technology innovations that are supported by installation, maintenance and monitoring through a network of channel partners, along with web-based and mobile applications and cloud-based services. For the year ended 31st December 2021, net sales in the Fire & Security segment were $5.5 billion, an 11% increase compared with the same period of 2020. The organic increase in net sales of 7% was driven by improved results across each of the Fire & Security segment's […]
Acquisitions, partnerships and investments are playing an increasingly important role in implementing strategic goals for major stakeholders in the built environment, particularly in providing access to the range of innovative technologies being developed in the smart buildings space. We have seen a wave of investment by real estate services firms into technology solutions in 2021 with […]
In this Research Note, we examine Nordomatic, the largest independent integrator of open, cloud-based smart building solutions in the Nordic region. This analysis is based on the Nordomatic 2021 Sustainability Report and their strategy to achieve global impact leadership within Smart Buildings by 2025. Founded in 1967 and headquartered in Stockholm, Sweden, Nordomatic reports a turnover of around SEK 1 billion (around $100 […]
Is there one simple thing the commercial real estate industry could do to improve technology outcomes? Yes! Break down knowledge silos and share information. That’s why we created the open-source Developers Smart Building Project Canvas with help from Vanti and LMG (lmgiq.com) Watch my presentation at last month’s Smart Building Conference to learn more about […]
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