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Johnson Controls Inc, a leading industrial-systems, HVAC and battery maker, announced on Monday it will merge with Tyco International, fire protection and security technology firm – combining the companies' building control businesses and taking on Tyco’s Irish tax address. “We see from day one being able to leverage the combined distributions, the combined customer base that we serve”, said Tyco chief executive George Oliver. “More importantly, leveraging a lot of our innovation will enable us to put all of our capabilities together to be able to capitalise on the trend in smart buildings”. The deal marks the latest attempt by a US company to reduce its tax bill through a so-called inversion, a manoeuvre that allows US corporations to acquire foreign-domiciled companies and shift their legal address to reduce their tax rates. The corporate tax rate in Ireland, where the new JCI will be based, is 12.5%, among the world’s lowest, compared with 35% in […]
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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 […]
In this Research Note, we examine UrbanChain, a Manchester, UK-based startup recently named the 3rd fastest-growing UK technology company by Deloitte. The company is positioned as a provider of peer-to-peer energy services, enabling the rollout of renewable energy in commercial and industrial facilities to happen much faster. We review the company’s growth, external funding, and […]
In this Research Note, we examine Wavelynx Technologies, a Broomfield, Colorado-based vendor providing mobile-first identity and access control solutions. We take an in-depth look at the origins of the firm, its product portfolio, ownership, growth, regional expansion, and recent partnerships. Wavelynx Origins Wavelynx Technologies was founded in 2013 by Hugo Wendling, who had co-founded XceedID […]
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