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#Podcast 30: MSI +Architect = Improved Smart Building Technology Delivery! ✅
May 15th, 2024Comelit Physical Security & Building Automation Business 2024 Examined
May 14th, 2024
Salto Systems Access Control Business 2024 Examined
In this Research Note, we examine the Salto Systems business, based on their 2023 revenues, market expansion, product innovation, and a minority investment in an energy savings product for the hospitality sector. Founded in 2001 and headquartered in Oiartzun, Spain, Salto Systems is one of the market leaders in electronic locking and access control solutions across a broad range of industries and applications. It develops and manufactures hardware and software access control products, smart locker systems management, face recognition, visitor ID management, cashless payment and ticketing & booking solutions. The group has an international presence in 41 countries. Salto Ownership In 2020, Sofina took a minority stake in Salto, alongside existing shareholders such as Alantra and new investors such as Peninsula Capital and Florac, as part of a capital increase and a secondary transaction. The funds raised through this transaction allowed Salto to acquire Gantner Electronic Austria Holding GmbH, an Austrian company specialized in access […]
AI Applications Spreading Across the Smart Buildings Landscape
“The application of artificial intelligence (AI) in smart buildings represents an immense opportunity to transform buildings from automated environments into truly cognitive spaces that continuously optimize themselves. However, mainstream adoption still faces hurdles around trust, complexity, and integrating AI with legacy infrastructure,” explains our latest research. Through extensive analysis, the study maps out 66 distinct AI use cases spanning 12 key domains where solutions are actively being developed and commercialized for smart buildings. While security, energy management, and safety use cases have so far dominated the emergence of AI in smart buildings, the wide-reaching technology is now finding new applications in commercial real estate according to our new study. New emerging areas of water and waste efficiency, sustainability reporting and compliance, as well as digital twin and simulation technologies, are now becoming driving forces in smart buildings development. Smart Buildings AI Applications in Water & Waste Management Water and waste management remains a somewhat niche […]
What’s Behind the Acquisition of Dedrone by Axon?
This Research Note examines what’s behind the Axon acquisition of Dedrone, a US counter-drone startup. We review the transaction details, explore the previous investment and partnership leading up to the takeover, and highlight Axon’s strategic rationale to invest in robotic security technology. Axon Business Profile Axon Enterprise Inc, formerly TASER International is a US-listed public safety leader, best known for Body-Worn Cameras (BWC). Dominating over 50% of the U.S. market share, Axon specializes in integrating Tasers and digital evidence management software into its BWC offerings. Axon delivered annual revenue of $1.56 billion and net income of $174 million in 2023. This represents 31% annual revenue growth and is the fifth consecutive year of 25% or greater revenue growth. Dedrone Transaction Details On 6th May 2024, Axon announced it had entered into a definitive agreement to acquire Dedrone, a global startup in airspace security, headquartered in the Washington, D.C. metropolitan area. Axon’s mission to Protect Life […]
Legrand Building Infrastructure Business & 2023 Financials Examined
In this Research Note, we examine Legrand Group, from the perspective of its latest financial results reported on 15th February 2024, strategic roadmap and acquisitions, based on investor presentations and their 2023 Universal Registration Document. Legrand positions itself as the only global specialist in electrical and digital building infrastructure, with the largest product offering on the market. Legrand offers a range of more than 300,000 products and solutions in over 100 product families. As a giant in profitable niches, Legrand leads as the number 1 or number 2 player in product areas such as wiring devices, emergency lighting, architectural lighting and door entry systems. 2023 Legrand Financial Highlights With sales of €8.4 billion, growing organically and through acquisitions by almost +5%, Legrand published record profitability indicators, with an adjusted operating margin of 21.0% of sales, free cash flow of €1.6 billion (or nearly 19% of sales) and net earnings per share up nearly +16% over […]
Plejd Smart Lighting Business and 2023 Financials
In this Research Note, we explore the smart lighting controls business of Plejd AB, a Swedish public company supplying the Nordic market. We explore their 2023 financial results, product portfolio, channel approach and international growth strategy, based on their year-end results, 8th February 2024, and their latest Annual Report. Founded in 2009 and headquartered in Mölndal, Sweden, Plejd AB is a publicly traded company on Spotlight Select. The company has deployed over 1 million smart lighting systems, over 5 million installed devices, and has over 50,000 installers. 2023 Plejd Financial Highlights Net sales amounted to TSEK 513,387 (approx. $47.7 million), which amounts to a growth of 19.2 % compared to the same period last year. The operating profit amounted to TSEK 59,520. Operating profit is lower than in the same period last year due to lower gross margin on new products and higher cost mass due to launches and international investments. Operating margin was 11.6% […]
MapsPeople Indoor Mapping Business & 2023 Financials Examined
In this Research Note, we examine MapsPeople, a Danish public company providing indoor mapping and navigation software. This analysis, covering their latest financial results, channel and vertical market focus, PointInside acquisition, and 2024 outlook, updating our previous Research Note in May 2023. Founded in 1997, MapsPeople is a subscription-based SaaS company based in Nørresundby, Denmark with global reach and customers in more than 50 countries. Specializing in developing and implementing the MapsIndoors dynamic mapping platform, MapsPeople provides a solution for handling both basic wayfinding and navigation in large building complexes, as well as optimizing the utilization of indoor spaces through smart integrations. MapsIndoors consists of software development kits (SDKs) for any platform, APIs, and a content management system (CMS). MapsPeople 2023 Financial Highlights ARR grew 63% through 2023 from mDKK 31.8 at the end of 2022 to mDKK 52.0 by the end of 2023. The main growth product MapsIndoors ARR grew 103% from mDKK 18.7 […]
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