In this Research Note, we examine Nordomatic, the largest independent integrator of open, cloud-based smart building solutions in the Nordic region, based on their 2022 Sustainability & Financial Report, strategic acquisitions and reported goals. This article updates our previous analysis of June 2022. Founded in 1967 and headquartered in Stockholm, Sweden, Nordomatic AB reported 731 employees and 2022 turnover of SEK 1,280 million (around $124 million).  With a presence in Sweden, Denmark and Norway, the group offers full lifecycle capabilities for its customers – from new project integrations, retrofits and upgrades to aftermarket service and support. Its BMS (Building Management System) solutions integrate and manage a building’s heating/cooling, lighting, access control and security as well as fire control. Order intake and order backlog were at record levels at the end of 2022; order intake grew 36% to 1,362 MSEK from 999 MSEK in 2021. Revenue increased 34% in 2022 to MSEK 1,280, compared to MSEK […]