Acquisitions
Allegion Annual Report 2021 Examined
February 21st, 2022Honeywell Building Technologies Business 2021 Examined
February 16th, 2022Combining Bricks and Bytes in ABB’s Smart Buildings Division
In this Research Note, we examine the Smart Buildings Division of ABB, based on their activities throughout 2021, updating our previous article, ABB Ramps Up its Mid-Market Commercial Building Automation Business, which highlighted their acquisition of Cylon. The Smart Buildings Division offers a broad portfolio of home and building automation solutions as well as a portfolio of electrical […]
Are We Crossing the PropTech Chasm? Geoffrey Moore Interview
“In the past, most of the technology disruption was actually happening inside the tech sector itself —Microsoft would disrupt IBM and Google would disrupt Yahoo, or whatever— but what’s happened in the last 15 years, is that tech has begun disrupting other industries,” explained best-selling author Geoffrey Moore during a Memoori podcast last week. “The first […]
Playing to Win: Microsoft Joins Facebook in the Metaverse with $69bn Acquisition
Last month, technology giant Microsoft acquired gaming giant Activision Blizzard in a landmark $69 billion deal that represents both Microsoft’s biggest ever acquisition and the biggest deal in the history of the gaming industry. Activision is a major force in the gaming industry, maker of several hugely successful titles including Call of Duty, Overwatch, Warcraft, and Candy Crush, and […]
Signify’s Lighting Business 2021 Examined
In this Research Note, we examine the lighting business of Signify, based on their 2021 annual results, investor presentations and lighting technology-related activities throughout 2021. Signify, headquartered in Eindhoven, the Netherlands, is the global market leader in energy-efficient lighting systems and services. The business, employing 38,000 people in 74 countries, reported 2021 sales of EUR 6,860 million and operational profitability […]
WeWork Differently Now
It wasn’t that long ago that WeWork’s rapid rise and fall was a regular feature in business and financial news but it soon faded into the background as the COVID-19 pandemic took center stage across all media. Taking the company out of the spotlight was likely already a strategy for Sandeep Lakhmi Mathrani when he […]
Robust Market for Smart Buildings M&A in 2021
A record number of acquisitions (286) in the smart buildings space in 2021 accounted for a 31% increase on 218 deals in 2020 and a 10% increase on the previous record of 259 transactions in 2019. There was a robust market for mergers and acquisitions (M&A) among both security product manufacturers and systems integrators last year, […]
The Buy and Build Strategy of Private Equity-Backed ACRE Examined
In this Research Note, we examine the acquisition strategy of ACRE, a Dallas, USA-based platform company backed by private equity capital. Founded to acquire, partner or invest in specialized players in the physical security industry, ACRE has become one of the largest independent providers of access control, intrusion detection, video surveillance, and communication networks in North […]
Securitas Expands Electronic Security Footprint with Acquisition of Stanley Security
Securitas, the global security services business comprising guarding, electronic security, fire and life safety solutions, has announced a “transformative acquisition” of Stanley Security, the electronic security solutions business of Stanley Black & Decker, making this their largest acquisition to date. Stanley Security is a provider of electronic security solutions with operations in 12 markets globally and with approximately […]