Building Management Systems
Nordomatic Smart Buildings Business Examined
June 20th, 2022Nuuka Building Analytics Business and Financials Examined
June 6th, 2022
Viessmann Group Business and Financials Examined
This Research Note examines Viessmann climate and refrigeration solutions business based on their 2021 financial results, press releases, acquisitions, and divestments. Founded in 1917, Viessmann is a leading global provider of sustainable climate (heating, cooling, water and air quality) and renewable energy solutions. The family-owned company is based in Allendorf, Germany with over 13,000 employees […]

Bravida’s Smart Building Automation Business Examined
In this Research Note, we examine the building automation business of Bravida Holding AB, a 100-year old Swedish company with a vision statement of “bringing buildings to life”. This analysis is based on their 2021 Annual Report, investor presentations, growth strategy and M&A activities. Bravida operates in the Nordic market for technical service and installation of buildings and facilities. Bravida’s core […]

Legrand Connected Buildings Business & 2021 Financials Examined
In this Research Note, we examine Legrand Group, from the perspective of its latest financial results, strategic roadmap, acquisitions, and connected buildings strategy, based on investor presentations, 2021 Capital Markets Day and their 2021 Universal Registration Document. Legrand positions itself as the only global pure player in the electrical and digital building infrastructure industry, with the largest product offering on […]

Johnson Controls Accelerates M&A Activity with Bolt-On Acquisitions
Johnson Controls has announced several bolt-on acquisitions in the last seven months to augment the group’s technology offerings in building management, fire detection and suppression, and physical security solutions. With six acquisitions to date since the start of their new financial year in October 2021, Johnson Controls is accelerating its M&A activity. Transactions in edge AI software, […]

The Building Retrofit Revolution?
Today, the number of efficient buildings in the world barely represents 1% of total building stock, and the percentage of new buildings built today to high-efficiency standards is barely above 10%. When you consider that the average building is operational for 60 years, you quickly realize it would take centuries to decarbonize all building stock […]

Chinese Firms Addressing Energy Efficiency in Commercial and Industrial Facilities
China is currently the world’s largest emitter of carbon dioxide, but is committed to achieve carbon neutrality by 2060. Globally, cities already contribute to 70% of carbon emissions, and close to half of that is generated purely by buildings. Three Chinese companies supplying energy efficiency solutions and low-carbon technology for commercial and industrial buildings are […]

Spica Technologies Acquired by Scandinavian Smart Building Systems Integrator Nordomatic
The Nordomatic Group, the largest independent integrator of open, cloud-based smart building solutions in the Nordic region, has announced the acquisition of Spica Technologies, a Birmingham, UK based provider of digital workplace software. Founded in 2014, Spica’s cloud-based technology has been deployed across more than 25 million square feet of office space in 20 countries throughout Europe, North America and Asia […]

Honeywell Building Technologies Business 2021 Examined
In this Research Note, we examine the Building Technologies business of Honeywell, based on their 2021 10K Report, investor presentations and building technology-related activities throughout 2021. Honeywell Building Technologies (HBT) is the smallest of 4 reportable segments with $5.5 billion revenues in 2021, which represents just 16% of Honeywell’s diversified business areas across Aerospace, Performance Materials and […]