Commercial Buildings

This Research Note examines the recent announcement by Trane Technologies to acquire a minority stake in Kieback&Peter. We highlight the transaction details, the target firm profile, and financials before assessing the strategic rationale of the acquisition. Transaction Details On 22nd October 2025, Trane Technologies announced a definitive agreement with Kieback&Peter Group (K&P), a European leader in […]

This Research Note examines Honeywell’s Automation & Control Solutions (ACS) businesses from 10 years ago, and highlights its evolution and major organizational changes since then, resulting in the forthcoming spin-off into an Automation public company.  We compare and assess the new organization, review its success factors and ongoing challenges, before providing our view on the […]

This Research Note examines Neeve, the US startup offering an edge-cloud platform designed to enhance smart building operations by integrating operational technology (OT) systems into secure, connected environments. We highlight its founding as IoTium, before exploring its current offering, deployments, funding and partners, concluding with our view of the business. Neeve Profile Founded in 2015 […]

The smart building technology market presents a unique challenge for commercial real estate professionals: how do you efficiently evaluate thousands of technology vendors when every week brings new pitches, new solutions, and new promises? The sheer volume of vendors, from energy management platforms to occupancy analytics providers, makes systematic evaluation nearly impossible with traditional methods. […]

This Research Note examines the major Johnson Controls UK businesses relating to building automation, fire and security systems, highlighting their latest financial data, year ending 30th September 2024.  It is based on the annual reports of 3 companies, Johnson Controls Building Efficiency (UK), Tyco Fire & Integrated Solutions (UK) and ADT Fire & Security.  We […]

This Research Note explores the acquisition of UK-based Spica Technologies Ltd (formerly owned by Nordomatic) by Hubstar Group Ltd, announced on 9th October 2025. We examine the Spica Technologies software offering before highlighting Hubstar’s strategy with 4 acquisitions to date and concluding with our view of the transaction. Spica Technologies Profile Spica Technologies is a […]