Acquisitions
More Consolidation in Workplace Technology as HubStar Acquires Relogix
January 25th, 202410 Notable Workplace Technology Acquisitions in 2023
January 22nd, 2024
What’s Behind the HqO Decision to Acquire Symbiosy Smart Office Platform?
This Research Note examines what’s behind HqO’s decision to acquire the Symbiosy platform from HB Reavis. We review the deal in the context of HqO’s tenant experience and workplace management strategy and assess their strategic partnerships and investments in the last two years. HqO Profile Founded in 2018, Boston, US-based HqO offers a Real Estate […]
10 Notable Energy Management Acquisitions in the Smart Buildings Space 2023
This Research Note reviews energy management acquisitions in the commercial smart buildings space over the last 12 months. M&A in building energy efficiency, analytics, measurement and verification, energy optimization, sustainability and ESG solutions have been the predominant focus in the broad energy management sector. 10 Notable 2023 Energy Management Acquisitions Planon / Ubigreen In January […]
Carrier Portfolio Transformation: Update on Business Exits and Viessmann Acquisition
This Research Note reviews Carrier’s announcement to divest its commercial refrigeration business to Chinese manufacturer, Haier. This transaction is part of a series of divestments, brought about by the acquisition of Viessmann Climate Solutions. The state of play of Carrier’s portfolio transformation activities is assessed including the exit of the fire and security businesses. Carrier […]
Budderfly Energy Efficiency as a Service Business Examined
In this Research Note, we examine Budderfly, the US Energy Efficiency-as-a-Service (EEaaS) company focused on Small and Medium-sized Enterprises (SMEs) and franchise businesses. This analysis covers their business model, funding, majority ownership, growth and outlook for 2024. Founded in 2007 and headquartered in Shelton, Connecticut, Budderfly implements proprietary energy intelligence software, energy-efficient technology upgrades that […]
Johnson Controls Buildings Business & 2023 Financials Examined
In this Research Note, we examine the Johnson Controls business, based on their 12th December Q4 earnings release, conference call, investor presentation and 10K, reporting financials year ending 30th September 2023. Johnson Controls International plc (JCI), headquartered in Cork, Ireland, is a pure-play smart buildings player, serving a wide range of customers in more than […]
What’s Behind Schneider Electric’s Move to Divest AutoGrid to Uplight?
This Research Note looks at what’s behind Schneider Electric’s latest move to divest AutoGrid to Uplight, the Boulder, Colorado-based utility software company. We review the history and assess the current state of play behind the transaction. In December 2023, Uplight announced an agreement to acquire AutoGrid, a Virtual Power Plant (VPP) and Distributed Energy Resource […]
ABB Capital Markets Day 2023: Key Takeaways for Smart Buildings
ABB hosted its Capital Markets Day 2023 at ABB Electrification’s circuit breaker production facility in Frosinone, Italy on 30th November 2023. This Research Note focuses on the Swiss conglomerate’s perspective on its Smart Buildings division within the Electrification business. Key takeaways are highlighted across its digital offerings, energy efficiency solutions and M&A strategy. The Smart […]
Honeywell Strategy Update: Building Automation Business Acquires Carrier’s Global Access Solutions
On 10th October 2023, Honeywell announced plans to realign its business segments around three megatrends: automation, the future of aviation, and energy transition. This Research Note focuses on what this means for the smart buildings market. The US conglomerate’s perspective for organic and inorganic growth was further highlighted on a 1st December webcast, together with […]
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