Smart Buildings

LMG: UK Smart Buildings Software & Services Provider Examined

In this Research Note, we examine LMG, the UK smart building solutions provider and systems integrator, based on their 2023 company accounts, filed earlier this year and the group’s recent strategies to meet the evolving needs of commercial real estate clients. LMG Profile Founded in 1986 and based in London, UK, LMG provides services for the design, deployment, integration, and support of in-building smart technologies including network connectivity, both wired and wireless, electronic security, audio-visual systems, and IoT hardware and software. The company has delivered and supported integrated, multi-technology smart building projects over the past 10 years. In 2023, the company employed an average number of 188 people. Strategy In July 2022, LMG completed a change of ownership intended to drive the next phase of growth. Board directors, Ieuan Rowe and Mike Hook each acquired a 50% share in the business, with founder and chairman Nigel Rowe stepping down. This strategic move was intended to […]

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Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger

Nearly 10 years after the merger between Johnson Controls and Tyco in 2016, the $16.5 billion deal stands as one of the most significant consolidation moves in the building technologies sector. Today, with the benefit of hindsight and financial data, we can evaluate whether this mega-merger achieved its ambitious objectives. The 2016 merger created a […]

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Verdigris: Comprehensive Review of the Energy Management Platform in 2025

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learnd’s Strategic €48.5M Management Buyout Signals New Growth Phase

This Research Note examines learnd SE, a Luxembourg public company, which announced on 24th September 2025, that the founders have taken a majority stake and are to take the company private. We explore the transaction details, learnd’s history and buy and build strategy followed by the implications of the organizational change and a Memoori view. […]

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