Carrier
Portfolio Transformation at Carrier with Acquisition of Viessmann & Exit of Fire & Security Businesses
April 26th, 2023Carrier HVAC and Fire & Security 2022 Business Examined
February 27th, 2023
Mapping the Strategic Direction of Carrier in the Smart Buildings Space
This Research Note examines the emerging strategic priorities of Carrier Global Corporation in the smart commercial buildings space. We have mapped M&A, divestments, strategic partnerships and investment activity to ascertain the growth ambitions of the business, by categorizing the various business relationships by technology and investment type over a 3-year period. This article is intended as a non-exhaustive indicator of […]
Airthings Commercial Building Business Examined
Airthings is a Norwegian tech company focused on air quality sensing that is making a name for itself on a global stage. Recent deals with the likes of Carrier, Walmart, and Home Depot have bolstered hardware sales channels, while newer SaaS approaches are improving their results. However, the past year has had its challenges as […]
Leading Building Automation Players Invest in Occupancy Analytics
In this Research Note, we examine two strategic investments in workplace occupancy sensing and analytics platforms by leading building automation incumbent players, Carrier Global Corporation and Johnson Controls. Sensors and sensing platforms in the commercial office space are technology solutions being adopted for occupancy analytics, people counting and location services. As a result of the adoption of revised working […]
Funding and Investments in the Smart Buildings Space Q2 2022
This Research Note highlights our analysis of investments in the smart buildings space in the second quarter of 2022. We review the number of rounds and values compared with Q1, the technology areas attracting investment and highlight 14 funding rounds we consider worth mentioning. Memoori has tracked 85 funding rounds amounting to almost $2.3 billion across the smart […]
The Open, Tech Agnostic, Horizontal Future of Building IoT Infrastructure
The Building Internet of Things (BIoT) market is evolving. Where previously, the focus of the market was to deliver the prerequisite technologies in the BIoT hardware stack, such as devices, sensors, and connectivity. Now, we are seeing a transition to more results-based and analytics-driven applications that seek to bring about certain outcomes, be that cost […]
Carrier Building Automation and Fire & Security Businesses Examined
Carrier Global Corporation, established as an independent public company, following its spinoff from United Technologies Corp. in April 2020, is one of the top three global HVAC equipment manufacturers. In this Research Note, we examine two of its adjacent business areas – the Fire & Security and Building Automation businesses, based on Carrier’s 2021 10K Report, […]
Robust Market for Smart Buildings M&A in 2021
A record number of acquisitions (286) in the smart buildings space in 2021 accounted for a 31% increase on 218 deals in 2020 and a 10% increase on the previous record of 259 transactions in 2019. There was a robust market for mergers and acquisitions (M&A) among both security product manufacturers and systems integrators last year, […]
Digital Connected Building Solutions from Commercial HVAC Vendors Gather Pace
This article was written by Daphne Tomlinson, Independent Senior Research Associate at Memoori. Commercial HVAC equipment manufacturers in the North American market are competing head-on with building controls vendors by offering factory installed embedded controllers in their HVAC equipment. These solutions offer customers an alternative to the traditional building management approach supported by external controls […]