Articles
Priva Results Examined: Revenue Growth to €115.6m in 2025
September 3rd, 2026Digital Twin & AI 2026: Startups Trying to Demolish Construction Silos
September 1st, 2026
WAGO Targets Data Centers in 2026: A Proven Growth Play
This Research Note examines WAGO Group, a German supplier of electrical interconnection technology and automation products for buildings and factories. We analyze their 2025 financial highlights and growth strategy in the building automation business in 2026. This article updates our coverage of WAGO from September 2024. WAGO Profile The company addresses various market segments and […]
Geutebrueck Sells to IBEX: €23m Video Specialist Times Its Exit
Geutebrueck, the German video security specialist, has agreed a sale to IBEX Wachstumspartner, a Munich investor focused on succession in the German “Mittelstand”, with the Berlin AI group Merantix investing alongside. Announced 26 August, the deal closes on 31 August 2026. Katharina Geutebrück and her husband Christoph Hoffmann sell all their shares and step down; […]
Technovator Faces a Critical 2026 After 18.7% Revenue Fall
In this Research Note, we examine Technovator, a key player in the Chinese building automation market, based on its 2025 annual report and financial results. We highlight the negative reaction of analysts to their decline in revenues and profitability. This article updates our previous coverage of the company in June 2025. Technovator Profile Founded in […]
Honeywell Technologies Forge Targets 9M Connected Assets by 2028
This Research Note examines the development of the Forge platform driving Honeywell Technologies growth in recurring software and services. We also assess the Forge installed base of connected buildings and assets in comparison to their peers. This article is based on commentary and data disclosed during their June 2026 Investor Day, their Q2 earnings call […]
BuildingMinds: Schindler Divests & Becomes Largest Insitiutional Shareholder in Lookthrough
This Research Note examines the divestment of BuildingMinds, by Schindler Group, the Swiss-headquartered global provider of elevators, escalators, and related services, to Lookthrough. We highlight the new ownership and strategic rationale of the transaction before assessing the latest company accounts of BuildingMinds GmbH and providing our view of the deal. Transaction Details Lookthrough, the Swiss-based […]
Azure Access Acquired by dormakaba to Strengthen US Strategy 2026
This Research Note examines dormakaba’s August 2026 acquisition of US firms, Azure Access and Apollo Security. We assess the strategic rationale of the deal and explore the group’s North American growth strategy and business model change for access control products in the USA. This article updates our previous September 2025 article on dormakaba’s North American […]
Liquid Cooling M&A: Deals Reshaping Data Centers in 2026
This Research Note examines the latest acquisitions in liquid cooling technology by the major HVAC and data center infrastructure players over the last 8 months. This updates our November 2025 Research Note on Liquid Cooling Acquisitions: 4 Major Deals Reshape Data Center Market in 2025 and our February 2026 Note on Data Center M&A Surge: […]
SCorp-io: French Scale-Up Providing BMS to Over 300 Medium-Sized Commercial Buildings
This Research Note examines SCorp-io, a French scale-up providing building management systems (BMS) for medium-sized commercial buildings. We highlight the gap in the French market for energy management in medium-sized buildings, comment on deployments and funding raised by SCorp-io, as well as competition in the European market. SCorp-io is one of 169 startups funded in […]
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