Acquisitions
Legrand Building Infrastructure Business & 2024 Financials Examined
March 5th, 2025Schneider Electric Shows Strong Growth in the Data Center Infrastructure Market
February 25th, 2025Bemsiq Building Controls Business & 2024 Financials Examined
In this Research Note, we examine the Bemsiq AB business, based on their 2024 financials and the Year-End Report of their parent company presented on 11th February 2025 and the development of their buy and build strategy. Bemsiq Profile Bemsiq, with headquarters in Gothenburg, Sweden, consists of a group of 9 companies and 615 employees […]
Bain Capital Acquires Apleona. What’s Driving the Deal?
This Research Note explores what’s behind the recent acquisition of Apleona, a German technical facility management business by Bain Capital, the European private equity firm. Our focus is on the strategic rationale of Bain Capital to acquire this firm, Apleona’s prior acquisitions in facility management, and its strategic investments in digital building services. Bain Capital […]
Ricoh Workplace Experience Business Explored
This Research Note examines the workplace experience business of Ricoh Group, a $15.5 billion Japanese provider of workplace services, print and imaging solutions. We explore their Workplace Experience solutions and services business, their Spaces platform, partnerships, integrations, investments and acquisitions. Ricoh Workplace Experience Business The workplace experience business is part of Ricoh Digital Services organization, […]
#Podcast 36: How a UK Electronics Vendor Grew Export Sales to Over 40%!
How did a UK electronics vendor successfully expand globally, compete against industry giants, and grow exports to over 40% of their business? In this podcast episode, John Davies, former Managing Director of TDSi, reveals some strategies that transformed a regional Access Control vendor into an international player. In our Podcast series “Sh*t You Wish Your […]
French Sustainability Software Provider Deepki Examined
This Research Note looks in-depth at Deepki, a French ESG platform provider offering a SaaS solution that uses data intelligence to guide real estate players in their net-zero transition. We examine the maturing software startup, its external funding, acquisitions, and deployments, and provide our view on their business. Deepki Profile Co-founded in 2014 by CEO […]
ButterflyMX Video Intercom & Access Control Business Examined
This Research Note examines ButterflyMX, a New York City-based video intercom and access control systems provider founded in 2014. We highlight their product suite, external funding, deployments, acquisitions, and growth before providing our view of the company. ButterflyMX Product Suite ButterflyMX launched its smartphone-powered Video Intercom in 2014. Since then, ButterflyMX has scaled its product […]
Honeywell Spinoff of Building & Industrial Automation Businesses into New Public Company
This Research Note examines the announcement of a new Honeywell Automation public company which will be formed from the spinoff of Building Automation (BA) and Industrial Automation (IA) businesses, reported in their Q4-2024 earnings call, on 6th February 2025. We also review the FY 2024 results and outlook for the Building Automation segment, highlighting its […]
Trane Technologies Commercial HVAC Business & 2024 Financials Examined
In this Research Note, we examine the commercial HVAC business of Trane Technologies. This article is based on the announcement of their Q4 and full-year 2024 results, investor presentation, and transcript of 30th January 2025. We also highlight the progress of Trane’s digital building services through connected buildings and assets, its recent acquisitions, and its […]