Building Automation

In episode 39 of Sh*t You Wish Your Building Did, we dive deep into the unvarnished realities of running a PropTech startup with Michael Grant, founder of Metrikus and co-creator of Smart Building Bootcamp. Michael shares hard-earned insights from 6 years in the trenches, covering everything from the brutal truth about fundraising in 2025 to […]

In this Research Note, we examine EMCOR, one of the largest mechanical and electrical contractors in the United States and its building services business, which accounts for 24% of the group’s 2024 revenues of $14.6 billion.  Based on their 2024 Annual Report and Corporate Overview Presentation, this analysis covers the Building Services financial highlights for […]

This Research Note examines the acquisition of Nozomi Networks announced by Mitsubishi Electric on 9th September 2025. We explore the transaction details and strategic rationale before assessing their Serendie-related digital services businesses and the acquisition’s impact on the Iconics Digital Solutions subsidiary of Mitsubishi Electric. Tranaction Details On 9th September 2025, Nozomi Networks, a US […]

Commercial buildings are rapidly becoming software-defined assets. Cloud-based IoT platforms, expanding sensor networks and data-hungry applications are reshaping everything from HVAC and lighting to space utilization and tenant services. This digital shift promises measurable gains in sustainability and efficiency, but it also raises the stakes for networking, cybersecurity and lifecycle operations. What part will IT […]

Last week’s live stream provided a comprehensive analysis of the smart building startup ecosystem, focusing on investment trends, acquisition activity, and market dynamics for the first half of 2025. The session covered key data insights, market consolidation patterns, and strategic considerations for companies operating in the commercial building technology space. In this research note, you […]

This Research Note explores our assessment of Honeywell’s market position in the European building automation products market.    We review the revenue mix for the Honeywell Building Automation division, examine the latest financial data of two subsidiaries, Trend Control Systems based in the UK and Saia-Burgess Controls based in Switzerland, concluding with our view of […]

This Research Note examines Zumtobel, an Austrian listed lighting group active worldwide, highlighting its latest financial results as of 30th April 2025, published on 24th July. This updates our research note from last year. We also explore the Smart Building Solutions new business area, partnerships, and a European Investment Bank loan for research and development. […]