Building Management Systems

This Research Note examines the Nordomatic Group, a Swedish building management systems integrator. We highlight its expansion journey, before drilling down into the UK business, created from 4 acquisitions over the last four years. This article updates our previous coverage of the company in August 2025. Nordomatic Group Profile The Nordomatic Group is one of […]

This Research Note examines Assemblin Caverion in 2025 and 2026, following the completed merger in April 2024.  We explore group strategy, the first full year of financial results and highlight recent activities and acquisitions in the smart buildings sector. This article updates our previous coverage of the group in March 2024, November 2022, and September […]

In this Research Note, we examine Kieback&Peter, one of the long-established German manufacturers and systems integrators of building automation solutions and services. We highlight their June 2025 outlook forecast, 2024 results, and review acquisitions & strategic partnerships before commenting on the Trane Technologies stake in the company acquired in October 2025.  This article updates our previous […]

This Research Note examines Trane Cloud, the digital hub for smart building operations launched by Trane Technologies in February 2026. We analyze the evolution of Trane’s digital platform over the past 13 years through acquisitions and partnerships, as part of the group’s strategy to grow its digital services offering. Trane Cloud Trane Cloud is positioned […]

Commercial building AI has invested heavily in teaching buildings to detect and analyze, but it has been slower to teach them what to do next. Our new analysis of 454 companies active in commercial building AI surfaces this pattern with unusual clarity. A Structural Gap, not a Technology Gap In Indoor Environment and Occupant Comfort, […]

This Research Note examines the Estonian firm, Bisly, the 2026 winner of the ABB Smart Buildings Startup Challenge. This article updates our coverage of the startup in June 2024, with new data on deployments, revenue growth, latest funding and market presence. ABB 2026 Smart Buildings Startup Challenge In its seventh year, the ABB 2026 Startup […]

This Research Note examines the majority investment by Otis, a leading elevator and escalator manufacturing, installation, and service company in French startup, WeMaintain, announced on 13th April 2026. This article updates our Research Notes on WeMaintain in July 2025 and Otis in May 2025. WeMaintain Profile Founded in 2017, WeMaintain offers tech-enabled predictive maintenance operations […]

In this Research Note, we examine Azbil, a Japanese public company with a leading position in the domestic building automation market.  We review their latest Annual Report published 10th November 2025, highlighting their medium-term plan to 2027 and assess two significant strategic investments in AI-enhanced cloud services and data centers with DATAFLUCT and X1Studio, respectively.  […]