Building Internet of Things

Smart Buildings

75F Light Commercial Building Controls Business Examined

February 10th, 2025
Smart Buildings

Honeywell Spinoff of Building & Industrial Automation Businesses into New Public Company

February 7th, 2025
Trane Technician inspecting units
Smart Buildings

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 […]

Signify Lighting 2024 Financials
Smart Buildings

Signify’s Lighting Business & 2024 Financials Examined

In this Research Note, we examine the lighting business of Signify, based on their 2024 annual results announced on 24th January 2025 including the revised organization of four verticalized businesses, implemented in April 2024 and their guidance for 2025. Signify, headquartered in Eindhoven, the Netherlands, is the global vendor of conventional lighting, LED, and connected […]

Shelly Group IoT Smart Lighting
Smart Buildings

Shelly Group Smart Building Business & 2024 Financials Examined

In this research note, we examine Shelly Group SE, a public company that provides IoT and smart building solutions based in Bulgaria. This article reviews their product portfolio, a Capital Markets Day presentation of 5th November 2024, preliminary 2024 financial highlights of 9th January 2025, and guidance for 2026. Shelly Group Profile Shelly Group AD is […]

Smart Spaces 22 Bishopsgate
Smart Buildings

Smart Spaces Building OS & Workplace App Business Examined

In this Research Note, we examine Smart Spaces, a UK-based vendor of smart building software for commercial real estate. We take an in-depth look at the origins of the firm, it’s deployments, and growth aspirations. Smart Spaces Origins Smart Spaces was established in 2010 as D2 Interactive Ltd, founded by Dan Drogman and his brother […]

What’s Behind Trane’s Acquisition of Brainbox AI
Smart Buildings

What’s Behind Trane’s Acquisition of Brainbox AI?

This Research Note examines what’s behind Trane Technologies’ acquisition of Brainbox AI, announced on 18th December 2024. We review the transaction details, the strategic rationale, and prior relationships of this major US HVAC manufacturer and the Canadian startup offering AI-powered HVAC optimization technology. A market we recently covered in an in-depth research report. Transaction Details and […]

CBRE Strategy Mapping Acquisitions Investments Partnerships Divestments
Smart Buildings

Mapping the Strategic Direction of CBRE in Smart Buildings 2024

This Research Note examines the emerging strategic priorities of CBRE, one of the largest real estate service providers in the smart buildings space. We have mapped acquisitions, strategic partnerships, and investment activity to ascertain the growth ambitions of the group, by categorizing the various business relationships by technology and investment type. This article is intended […]

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