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In this Research Note, we examine Kontrol Technologies Corp, a Canadian public company offering IoT, Cloud, and SaaS technology for smart buildings and cities in the North American market. Based on their 2023 Annual Information Form and Consolidated Financial Statements, filed on 1 April 2024, this analysis covers their subsidiaries and operating businesses, corporate restructuring and divestments, 2023 financial performance, value proposition, and corporate strategy. Formerly known as Kontrol Energy, established in 2016, the company upgraded its public listing in May 2021 to the CBOE Canada, Canada’s stock exchange for the innovation economy.  The company and its subsidiaries have approximately 80 employees working out of 5 offices in Canada and the United States. Kontrol Technologies provides a combination of software, hardware, and service solutions to improve energy management, air quality, and continuous emission monitoring. Through technology and digitization of buildings and the built environment, Kontrol helps customers achieve their sustainability objectives with cloud-based data and […]

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 […]

In this Research Note, we examine the Sauter Group, a Basel, Switzerland-based provider of building automation solutions and services. We highlight the Group’s 2023 key figures, UK acquisitions, and two key projects undertaken in Serbia and Germany in 2024. Sauter Group 2023 Profile Founded in 1910, Fr. Sauter AG is privately owned by the founding families (FABREL AG and FS Familienholding AG). With over 20 subsidiaries, around 3,590 employees, and 300 partners worldwide, the group undertakes more than 2,000 projects per year. The business reported €761 million in revenue in 2023, a 10% growth compared to €692 million in 2022.  Sauter Group Profile 2024 UK Acquisition In June 2023, Sauter further strengthened its presence in the UK by acquiring a majority stake in the T4 Group headquartered in Redhill, Surrey. The acquisition continues their growth strategy in the UK, augmenting previous acquisitions of Emtec Group and Wren Environmental, outlined in our Research Note of May […]