This Research Note examines the emerging strategic priorities of Siemens in the smart commercial buildings space. We have mapped acquisitions, mergers, strategic partnerships and investment activity to ascertain the growth ambitions of the Siemens Smart Infrastructure division; categorizing the various business relationships by technology and investment type over a 3-year period. This article, part 2 of a 2-part analysis, is intended as a non-exhaustive indicator of Siemens’ strategic direction between January 2020 and September 2022. Part 1 can be found here. Our strategy mapping exercise highlights 16 partnerships, 3 acquisitions, 1 merger and 3 venture capital investments of relevance over the last three years.  The commentary below highlights some of the key investments and partnerships in Building Management Systems, IoT platforms and Physical Security sectors. Building Management Systems, IoT Platforms, Digital Twin The Buildings business undertook two acquisitions in the BMS, IoT and Digital Twin sectors.  Siemens completed an M&A deal in October 2021, with the bolt-on acquisition of French startup Wattsense, a hardware and software […]