Acquisitions
Schneider Electric’s Saudi Deal Boosts Building Automation 2026
October 1st, 2026Ecolibrium Deal: Built Cybernetics AI Move Adds 600+ Sites
September 29th, 2026
Nordomatic Hits Over $300M Revenue After 2025 Buying Spree
This Research Note explores Nordomatic Group, an independent European system integrator for Building Management Systems (BMS) based in Sweden. We examine the group’s software offerings, ownership, and financial results in the past 12 months before assessing M&A strategy over the last decade, based on public records, press releases, and Nordomatic 2025 Sustainability Report. This article […]
Smart Building Startups H1 2026: 169 Funding Rounds, 46 Acquisitions & a Shrinking Pipeline
Money is pouring back into smart building startups. New founders are not. In the first half of 2026, Memoori tracked 169 funding rounds worth $5.3 billion and 46 acquisitions of smart building startups. That puts 2026 on course for a record year. Look beneath the headline, though, and you find a market that is concentrating […]
dormakaba’s CHF 1 Billion Goal Faces a Reality Check
This Research Note examines dormakaba, one of the three largest companies in the global access solutions market. Based on its FY2025/26 results (year ending June 30, 2026), we review the financial highlights and look closely at North America, its largest market. We then assess whether it can reach its goal of more than CHF 1 […]
Brightly Powers Siemens 2026 Push Toward Autonomous Buildings
This Research Note examines the recent transition of Brightly Software to Siemens Asset Management Software. We highlight the strategic integration into the Siemens portfolio as the foundation for asset health and management, explore the software expansions, recent AI enhancements, and analyse the impact of the acquisition on Siemens SI digital software capabilities and Building X. […]
Apleona Under Bain Capital: 6 Deals in 18 Months
This Research Note examines Apleona, the German facilities management provider, since the group’s acquisition by Bain Capital in February 2025. We explore its financial highlights in 2025, its market position in Europe, and assess its acquisitions and strategic investments in the last 18 months. This article updates our previous coverage of Apleona in February 2025. Apleona […]
Vertiv Moves Upstream: What the $1.45B UIG Deal Means
This Research Note examines the recently announced acquisition of UtilityInnovation Group (UIG) by Vertiv. We explore the transaction details, the target business profile and the strategic rationale of the acquisition before commenting on the M&A history of Vertiv and comparing their microgrid strategy with the group’s data center infrastructure peers. Transaction Details On 2nd September […]
Digital Twin & AI 2026: Startups Trying to Demolish Construction Silos
Digital twin and AI startups are trying to redraw the technology map of the commercial building. For years, that map was drawn along clean lines: architects and engineers used one set of tools, contractors used another, facilities managers a third. Each phase had its own software vendors, its own data, its own logic, and the […]
BuildingMinds: Schindler Divests & Becomes Largest Insitiutional Shareholder in Lookthrough
This Research Note examines the divestment of BuildingMinds, by Schindler Group, the Swiss-headquartered global provider of elevators, escalators, and related services, to Lookthrough. We highlight the new ownership and strategic rationale of the transaction before assessing the latest company accounts of BuildingMinds GmbH and providing our view of the deal. Transaction Details Lookthrough, the Swiss-based […]
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