Building Services

Smart Buildings

Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger

September 30th, 2025
Smart Buildings

Emcor’s Consistent Building Services Growth Despite 2024 Market Challenges

September 16th, 2025
Vinci Energies
Smart Buildings

Vinci’s €287M German Acquisition Spree Transforms Building Solutions

This Research Note examines the Building Solutions business of Vinci Energies, highlighting its focus, vertical markets, and financial performance of its operations, based on its 2024 financial results and Capital Markets Day presentation. Vinci Energies Building Solutions Profile Vinci Energies offers a range of electrical and multi-technical solutions and services for commercial and industrial buildings, […]

EMCOR
Smart Buildings

EMCOR Building Services Business & Financials Examined 2024

In this Research Note, we examine EMCOR, one of the largest mechanical and electrical contractors in the US, and its building services business, which accounts for 28% of the group’s 2023 revenues of $12.6 billion. Based on their 2023 annual results and corporate overview presentation, this analysis covers the Building Services financial highlights for its […]

SPIE
Energy

SPIE Technical Facility Management Business 2024 Examined

This Research Note examines the French public company, SPIE and its focus on building solutions, which is one of four strategic markets that the group addresses in central and northern Europe. This article covers the Group’s fields of expertise, its development since 2013 through platform and bolt-on acquisitions and its expansion in the Netherlands, based […]

Assemblin Caverion Merger
Smart Buildings

Assemblin Caverion Merger: Key Takeaways for Smart Buildings Business

In this Research Note, we examine the recent Triton announcement of a merger between its portfolio companies, Assemblin and Caverion to create a Northern European technical building installation and services group “providing the most comprehensive and cutting-edge solutions across the full lifecycle of the built environment”. We highlight the strategic rationale of the Caverion acquisition, […]

Smart Buildings

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 […]

Smart Buildings

HVAC Industry Demonstrates the Flexible Power of Digital Systems in a Crisis

If our walls could talk, they would be asking us what the hell is going on. Healthcare buildings have gone into overdrive, hotels are being converted into hospitals, fashion-houses transformed into high-volume PPE factories, auto-manufacturing into ventilator-production, and everyone is at home while an unprecedented amount of our commercial real estate sits empty. We were […]

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