Acquisitions
Elatec Acquired by Allegion to Augment Access Control Portfolio
June 17th, 2025Vitaprotech’s 2025 Consolidation: New 4-Channel Strategy Simplifies Structure
June 13th, 2025Runwise Raises $55m, Claiming “Most Capitalized & Widely Deployed Smart Building Platform in US”
This Research Note examines the recently announced Runwise $55M Series B financing round, led by Menlo Ventures. We also parse their claim to be “the most capitalized and widely deployed smart building platform in the US”. Runwise Profile Runwise was founded in 2010 and was formerly known as Heat Watch. The company has undergone a […]
learnd SE Reports Strong 73% Revenue Growth
In this Research Note, we examine learnd SE, a Luxembourg public company operating in the UK and Ireland as a BMS integrator and energy management service provider. We focus on their 2024 financial results, announced on 30th April 2025, 2024 Annual Report, and Annual Results Presentation. This article updates our previous coverage of learnd’s buy-and-build […]
Bosch Powers Through Difficult 2024 with Big HVAC Expansion
This Research Note examines the Energy and Building Technology (EBT) business sector of the Bosch group, focusing on their 2024 annual results, the Home Comfort and Building Technologies divisions and how forthcoming acquisitions and divestments will impact these businesses in 2025. This article is based on Bosch’s 2024 results announcement, 31st January 2025, 17th March […]
Unica’s 2025 Strategy: MPL Acquisition Unlocks Advanced Smart Building Platform
This Research Note explores the strategic rationale of the recent acquisition of Dutch firm, MPL by Unica, one of the leading technical service providers in the Netherlands. We examine MPL’s Smart Building Platform as a Service and its integration into it’s Building Intelligence cluster of companies. MPL Acquisition On 20th March 2025, Unica announced the […]
Samsung Acquires FläktGroup for €1.5Bn in Significant HVAC Deal
This Research Note examines what’s behind the acquisition of FläktGroup, a German HVAC systems provider, by Samsung Electronics, announced on 14th May 2025. We explore the transaction details and strategic rationale before providing our assessment of the respective businesses of both parties, based on recent press releases and Memoori analysis. Transaction Details In May 2025, […]
Legrand Launch Wattstopper i3 Platform Powered by KODE Labs
In this Research Note, we examine what’s behind the launch of Legrand’s Wattstopper i3 platform, “a next-generation lighting and building intelligence solution” powered by KODE Labs, announced on 5th May 2025. We explore the development of Wattstopper digital solutions, strengthened by the Encelium acquisition, before commenting on the respective partners in this collaboration and the […]
Otis Targets 60% Connectivity by 2026: IoT Platform Analyzed
This Research Note examines the digital service offerings of Otis, the world’s leading elevator and escalator manufacturing, installation and service company. We highlight the group’s strategic initiatives in digitalization, including the ONE IoT platform. This article is based on their Investor Day presentation, 2024 Annual Report, an interview with Judy Marks, CEO, 18th April 2025, […]
MapsPeople Secures Private Equity Acquisition & Delists from Nasdaq First North
In this Research Note, we examine MapsPeople, a Danish public company providing indoor mapping and navigation software, which announced an agreement to be acquired by a Canadian technology firm, Apex Group Technologies on 28th April 2025. This article highlights what’s behind the transaction, including reference to MapsPeople’s 2024 financial results, published 6th March 2025, and […]