Acquisitions
Legence IPO Filing 2025: Financial & Market Position Analysis
August 19th, 2025Nordomatic Reports Strong Growth: Key Insights from 2025 Market Position
August 13th, 2025Daikin’s 2025 Strategy: Major Acquisitions Boost HVAC & Data Center Growth
In this Research Note, we examine Daikin, the Japanese headquartered air conditioning manufacturer and the group’s North American strategy to strengthen its HVAC equipment and controls business for commercial and industrial buildings. Our article is based on their FY 2024 results, published 8th May 2025, investor presentations, press releases, and Memoori analysis. It updates our […]
Automated Logic Powers 2025 Growth With 3 New Strategic Acquisitions
This research note examines the Automated Logic (ALC) business of Carrier Global. It highlights the commercial building control solutions and services offered by the company through field service contractors, recent Automated Logic acquisitions and its vertical market focus on the data center market. Our research is based on Carrier’s 2025 Investor Day Presentation, 19th May […]
Allegion’s Investment Strategy: 20 Startups Expanding Their Technology Horizon
This Research Note examines Allegion’s relationships with smart building startups over the last 6 years. We highlight recent startup acquisitions, venture capital investments, and strategic alliances which complement their predominantly mechanical security products and systems business. This article updates our previous Research Notes in March 2025 on Allegion’s strategic direction and our coverage of the […]
Secom Strengthens Global Presence with Strategic $60m Avtel Acquisition
This Research Note examines Secom’s strategic acquisition of Singapore-based security systems integrator, Avtel, highlighting the transaction details, strategic rationale, global operations, and reported revenues of the target. We explore Secom’s expansion strategy and comment on its current and previous investments beyond Japan. Transaction Details & Strategic Rationale Secom Co. Ltd. announced on 25th July 2025 […]
Startup Acquisitions Surge 60% in Smart Buildings: 10 Big Strategic H1 2025 Deals
In this Research Note, we review 10 notable acquisitions completed in H1 2025 by strategic buyers. These transactions are profiled in our recently published Startups in Smart Buildings H1 2025 Report. 42 acquisitions of startups founded since 2014 were identified in the report, over 60% increase in deal count compared to the same period last […]
Smart Building Startups Navigate Shifting Investment Landscape in 2025
The smart building startups ecosystem could be experiencing a point of inflection. While venture capital funding has cooled by 13% in the first half of 2025, merger and acquisition activity has exploded by over 60%, signaling a maturing market where consolidation trumps speculation. Our latest comprehensive analysis of 1,266 startups founded since 2014 reveals a […]
METRON Targets 2025 Breakeven with Global Growth Strategy
This Research Note takes an in-depth look at METRON, a French energy optimization startup offering an energy performance and carbon emissions reduction platform for multi-site industrial and commercial enterprises. We examine the company profile, external funding, regional presence, acquisitions, and partnerships, and conclude the analysis with our own view. METRON Profile Founded in 2013, by […]
Techem’s Major €6.7B Acquisition by Partners Group to Drive Next Growth Phase
This Research Note examines what’s behind the announcement of the €6.7B acquisition of German submetering firm, Techem by Partners Group and a consortium of minority investors. We highlight the transaction details, ownership history, and strategic rationale, as well as reviewing Techem’s financials and device and services portfolio. Transaction Details Partners Group, GIC, TPG Rise Climate, […]