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Acquisition Spree for GEWISS Group in Building Automation & Lighting
January 6th, 2025What’s Behind Trane’s Acquisition of Brainbox AI?
December 19th, 2024
Siemens Smart Infrastructure Capital Market Event: Key Takeaways for Smart Buildings
This Research Note reviews in detail Siemens Smart Infrastructure (SI) and the Buildings business presented at the Smart Infrastructure Capital Market Event in Zug, Switzerland on 12th December 2024. This event featured presentations and Q&A from the SI CEO, CFO and the Heads of the 3 business areas, including Susanne Seitz, the newly appointed CEO of the Buildings business. We examine the SI portfolio and business mix, including digital business revenues before focusing on the services business, go-to-market strategy and investments in the mid-market segment within the Buildings business unit. Smart Infrastructure Portfolio and Business Mix SI revenues of €21.4 billion were discussed in our coverage of FY 2024 results in November 2024. Based on new information presented at the Capital Market Event, the Buildings business unit is the largest of 3 segments in the Smart Infrastructure portfolio, accounting for 39% of SI revenues in FY 2024. Memoori revised estimates for Siemens Buildings revenues are […]
Bosch Divests Security Products Business to Investment Firm Triton Partners
In this Research Note, we examine the divestment of Bosch Security Products to Triton Partners, announced on 12th December 2024. We focus on the transaction, the new owner, and the realignment strategy in Bosch Building Technologies and the Energy and Building Technology business area. Bosch announced it planned to divest the business in October 2023, and we covered this in a research note at the time. Bosch Security Products Transaction Bosch Security and Safety Systems, a segment of Bosch Building Technologies, is a global product business for security and communications solutions. Products include video security, intrusion detection, and voice evacuation systems as well as access control and management systems. Professional audio and conference systems for communication of voice, sound, and music complete the range. The business operates with approx. 4,300 employees in 90 locations and generates more than €1 billion in revenues. The transaction is expected to be closed by the end of the first […]
The Top 5 Smart Building Acquisitions & Investments of 2024!
In this research note, we have compiled lists of the top 5 Acquisitions AND the top 5 Investments completed in the smart building industry in 2024. There has been significant deal activity throughout 2024, with acquisitions and investment across all aspects of the operation and maintenance phases of the building lifecycle. High-value acquisitions were dominated by conglomerates divesting non-core assets, and notable investments were dominated by energy management and efficiency in domains such as data centers. Top 5 Smart Building Acquisitions in 2024 In July, Johnson Controls International (JCI) agreed to sell its Residential and Light Commercial (R&LC) HVAC business in an all-cash transaction to the Bosch group. The transaction includeed the North America ducted business and the global residential joint venture with Hitachi, Ltd., of which JCI owns 60% and Hitachi owns 40%. In fiscal 2023, the R&LC HVAC business generated approximately $4.5 billion in consolidated revenue. The total transaction is valued at $8.1 […]
Beyond Backup: Battery Storage as a Strategic Asset for Commercial Real Estate
The evolution of battery storage in commercial buildings represents one of the most significant shifts in building energy management of the past decade. Once viewed simply as backup power systems, today’s battery energy storage systems (BESS) are sophisticated assets that enable buildings to participate actively in energy markets while enhancing resilience and sustainability. Our new report, ‘Energy Management Software for Grid-Interactive Commercial Buildings 2024 to 2029’ highlights that this transformation is driven by economics as much as technology. Global investment in battery storage nearly doubled in 2023 to USD 40 billion, reflecting both falling costs and expanding opportunities. The International Energy Agency projects that grid-scale battery storage capacity must grow from 28 GW in 2022 to 967 GW by 2030 to meet net-zero targets, highlighting the critical role storage will play in our energy future. The economics of battery storage have improved dramatically. The cost of 4-hour lithium-ion battery systems has fallen from approximately $490/kWh […]
Mapping the Strategic Direction of Cushman & Wakefield in Smart Buildings 2024
This Research Note examines the emerging strategic priorities of Cushman & Wakefield in the smart buildings space. They are a global commercial real estate services firm with 2023 revenues of $9.49 billion. We have mapped acquisitions, divestments, strategic partnerships, and investment activity to ascertain the growth ambitions of the business sector by categorizing the various business relationships by technology and investment type. This mapping is intended as a non-exhaustive indicator of Cushman & Wakefield’s strategic direction between January 2023 and October 2024. This replaces our previous mapping from November 2022. Strategy Mapping of Cushman & Wakefield Smart Buildings Business Tenant Experience In June 2023, Presence by Cushman & Wakefield formed a strategic alliance with Cove, a technology platform that integrates the tenant experience with building operating systems, providing investor clients with one technology solution. This creates communication and connection between the building, amenities, and experiences within the building. Founded in 2013 and based in Washington, […]
From Cost Center to Revenue Generator: The Evolution of Grid-Interactive Buildings
The traditional view of commercial buildings as mere energy consumers is undergoing a dramatic transformation. Grid-interactive buildings are emerging as dynamic assets capable of generating multiple revenue streams while delivering substantial operational savings. This evolution represents a fundamental shift in how property owners and managers approach building energy management, with grid-interactive buildings leading the charge toward a more sustainable and profitable future. The Business Case for Grid-Interactive Buildings The economic benefits of Grid-Interactive Efficient Buildings (GEBs) extend far beyond simple energy cost reduction. Recent studies demonstrate that these smart buildings can deliver value through multiple channels, creating a compelling business case for investment. Direct energy cost savings form the foundation of the grid-interactive building value proposition. Through intelligent load management, these buildings can significantly reduce peak demand charges, which often represent the most expensive component of energy bills. By shifting consumption to lower-cost periods and leveraging predictive analytics for operational efficiency, grid-interactive buildings consistently achieve […]
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