Articles

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; […]

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 […]

This Research Note examines the acquisition of Ritto door entry systems by Comelit Group from Schneider Electric in July 2026.  We highlight the transaction details, Ritto’s development and Comelit’s financials and strategy, before assessing the rationale for the Schneider Electric divestment.  This article updates our coverage of Comelit in May 2024. Transaction Details The agreement […]

This Research Note examines the ASSA ABLOY agreement to acquire the Gunnebo Entrance Control business.  We highlight the transaction details, the target business unit profile and strategic rationale of the deal before assessing ASSA ABLOY’s acquisition strategy. Transaction Details On 5th August 2026, ASSA ABLOY announced an agreement to acquire Gunnebo Entrance Control, an international […]

In this Research Note, we examine the latest divestment of Johnson Controls’ security business, the sale of ADT Spain to Sector Alarm, the Norwegian alarm monitoring company. We highlight the transaction details and strategic rationale, before commenting further on the overall divestment strategy in Johnson Controls fire and security businesses. Transaction Details Johnson Controls reported […]

This Research Note examines the change in ownership as new investors gain a 30% minority stake in Salto Systems.  We review the transaction details, strategy, 2025 revenues & financial outlook and recent acquisitions, before concluding with our view of this investment. This article updates our previous coverage of the company in October 2025. Salto Systems […]

In this Research Note, we examine Evolv Technology, a US public company providing AI-based weapons detection for security screening. We highlight the firm’s proprietary, integrated hardware-software-AI platform, technology, 2025 financial results and strategic vision to 2031, based on its 10th March 2026 announcement and Investor Day Presentation, 9th June 2026, before assessing analyst reaction to […]

In this Research Note, we examine the Axis Communications video surveillance business. This analysis is based on Axis Communications 2025 Sustainability Report 29th May 2026, Canon 2025 Financial Results Presentation, 29th January 2026 and Memoori analysis. We also comment on the company’s acquisitions of Skysense and FF Group in 2025. This article updates our previous […]