Acquisitions
Kieback&Peter’s 2025 Minority Investment from Trane Strengthens their European Position
October 31st, 2025Salto Systems Accelerates Beyond Access Control: 4 Strategic Investments
October 30th, 2025
Verisure 2025 IPO: Understanding the Shift in Professional Security Services
In this Research Note, we examine Verisure, the monitored security services firm that has recently completed its IPO. We highlight the transaction details, explore the business, based on its IPO prospectus and recent company presentations, before commenting on their strategic acquisitions in the self-monitored and professionally monitored security markets. Transaction Details Verisure completed its IPO […]
Honeywell’s 2026 Automation Spin-Off: Brilliant Strategy or Risky Complex Move?
This Research Note examines Honeywell’s Automation & Control Solutions (ACS) businesses from 10 years ago, and highlights its evolution and major organizational changes since then, resulting in the forthcoming spin-off into an Automation public company. We compare and assess the new organization, review its success factors and ongoing challenges, before providing our view on the […]
Neeve’s Edge-Cloud Platform: Key Metrics & Growth 2025
This Research Note examines Neeve, the US startup offering an edge-cloud platform designed to enhance smart building operations by integrating operational technology (OT) systems into secure, connected environments. We highlight its founding as IoTium, before exploring its current offering, deployments, funding and partners, concluding with our view of the business. Neeve Profile Founded in 2015 […]
deskbird Raises $23m with View to Dominating Europe’s Hybrid Workplace Market
This Research Note examines the growth of deskbird, a Swiss startup offering a workplace management platform that addresses hybrid working. We explore the company’s disclosed funding and its acquisitions completed last year before highlighting one of the firm’s recent reports on the German workplace market. Finally, we provide our view on the company and the […]
MazeMap Acquires Thing-it: Key Insights from 2025 Workplace Platform Consolidation
This Research Note examines the acquisition of the German software company Thing-it, by MazeMap, a Norwegian indoor navigation provider. We examine the development of the two startup companies prior to their merger and conclude with our perspective on the consolidation. Transaction In August 2025, Thing-it became part of MazeMap. Since then, the company reported that […]
Johnson Controls UK Analysis: 8 Strategic Acquisitions Since 2022 Drive Revenues
This Research Note examines the major Johnson Controls UK businesses relating to building automation, fire and security systems, highlighting their latest financial data, year ending 30th September 2024. It is based on the annual reports of 3 companies, Johnson Controls Building Efficiency (UK), Tyco Fire & Integrated Solutions (UK) and ADT Fire & Security. We […]
Hubstar Acquires Spica Technologies: 4th Strategic Deal Revealed
This Research Note explores the acquisition of UK-based Spica Technologies Ltd (formerly owned by Nordomatic) by Hubstar Group Ltd, announced on 9th October 2025. We examine the Spica Technologies software offering before highlighting Hubstar’s strategy with 4 acquisitions to date and concluding with our view of the transaction. Spica Technologies Profile Spica Technologies is a […]
Hager Group’s Energy Management Software Expansion: 15 Years of Acquisitions Analyzed
This Research Note examines Hager Group, the German supplier of electrical distribution products for residential applications, which has extended its business focus to commercial buildings. We comment on its recent inorganic growth strategy in energy management software and services, before analyzing the impact of their acquisitions since 2010. Hager Group Profile Hager Group is a […]
