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Over six days in May 2018, German conglomerate Siemens made its smart building intentions clear. On the 17th, Siemens announced its acquisition of Los Angeles based J2 Innovations, a software framework provider for building automation and IoT technologies. Six days later, on May 23rd, the European manufacturing giant announced the acquisition of California-based IoT-enabled smart building solution provider, Enlighted. Further underlining their ambitions, Siemens announced it would acquire a third California-based smart building startup, Comfy (Building Robotics), that provide personalized temperature and lighting control to office workers. In combination, these additions to the Siemens Building Tech family marked a significant moment in the increasingly competitive smart buildings sector. "These acquisitions are not just stand-alone investments to help us grow our business. It is really about expanding our smart building strategy," explained Siemens Building Technologies President Dave Hopping. "We want to be the leading smart building company in the world and we need companies like Comfy […]
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In this Research Note, we examine Kieback&Peter, one of the long-established German manufacturers and systems integrators of building automation solutions and services. This analysis is based on last month’s publication of their annual company accounts. We also highlight their recent product launches, the planned new headquarters, and a 2025 acquisition. Kieback&Peter GmbH & Co. KG […]
In this Research Note, we examine CBRE’s recent announcement of the creation of a new Building Operations & Experience business segment, in conjunction with the acquisition of Industrious, a US provider of flexible workplace solutions. We assess the changes to the former Global Workplace Solutions business and comment on the Industrious acquisition and the state […]
This Research Note explores what’s behind Yardi Systems’ recent acquisitions of Hubble and Deskpass in the coworking sector. We focus on Yardi’s strategic rationale for acquiring these two firms, the company’s prior acquisitions in the sector, and the current state of coworking in the office market. Yardi Profile Founded in 1984 by Anant Yardi and […]
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