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 […]