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This Research Note examines the emerging strategic priorities of ABB’s Smart Buildings division. We have mapped the acquisitions, strategic partnerships and investment activity of the business unit to ascertain their growth ambitions, by categorizing the various relationships and deals by technology and investment type over a 4-year period. This analysis is intended as a non-exhaustive indicator of ABB’s strategic direction in the smart buildings sector between January 2019 and September 2022. The division, one of 6 business units of the $13.2 billion Electrification segment of ABB, reports revenues in the range of $2,750 to $3,250 million for 2021. Memoori previously examined the 2021 activities of the Smart Buildings business in a Research Note in February 2022. The commentary below relates to investments, acquisitions and strategic partnerships in the last three years, across the commercial building automation and smart home businesses. Commercial Building Automation, Energy Management In March 2020, ABB announced the acquisition of Cylon Controls, a second-tier Irish building automation […]
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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 […]
In this Research Note, we examine Bueno Analytics, an Australian startup providing building analytics software supporting decarbonization. We review the firm’s development since its founding, its software suite, key deployments, external funding, and recent growth. Bueno Analytics Profile Founded in 2013 by Leon Wurfel, Built Environment Optimisation Pty Ltd., trading as Bueno Analytics, is headquartered […]
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