Commercial Buildings
Technovator Reports $36.4m Loss in Challenging 2024 Performance
June 16th, 2025Azbil’s Building Automation Profits Surged 26% in 2024
June 11th, 2025
learnd SE Reports Strong 73% Revenue Growth
In this Research Note, we examine learnd SE, a Luxembourg public company operating in the UK and Ireland as a BMS integrator and energy management service provider. We focus on their 2024 financial results, announced on 30th April 2025, 2024 Annual Report, and Annual Results Presentation. This article updates our previous coverage of learnd’s buy-and-build […]

Bosch Powers Through Difficult 2024 with Big HVAC Expansion
This Research Note examines the Energy and Building Technology (EBT) business sector of the Bosch group, focusing on their 2024 annual results, the Home Comfort and Building Technologies divisions and how forthcoming acquisitions and divestments will impact these businesses in 2025. This article is based on Bosch’s 2024 results announcement, 31st January 2025, 17th March […]

Investment Patterns Shift in 2025: Smart Building Analysis
“In 2025, the convergence of macroeconomic uncertainty, capital market tightening, and renewed supply chain disruptions is altering investment patterns and strategic priorities across the technology landscape,” states our latest research on the Internet of Things (IoT) platforms market in commercial buildings. Many technology supply chains have only recently recovered from the disruptions caused by the […]

Unica’s 2025 Strategy: MPL Acquisition Unlocks Advanced Smart Building Platform
This Research Note explores the strategic rationale of the recent acquisition of Dutch firm, MPL by Unica, one of the leading technical service providers in the Netherlands. We examine MPL’s Smart Building Platform as a Service and its integration into it’s Building Intelligence cluster of companies. MPL Acquisition On 20th March 2025, Unica announced the […]

SPIE Unveils Microsoft Fabric Integration: Digital Twin Builder 2025
This Research Note examines a new Digital Twin Builder feature in Microsoft Fabric and explores its application in building operations and facility management, based on its deployment at SPIE in the Netherlands. In May 2025, Microsoft announced a new Fabric feature at their Build Conference that allows for the creation of enterprise-ready digital twins. The […]

Trade Tensions in 2025: Smart Building Market Fragmenting?
2025 has so far been a year defined by international trade tensions, triggered by the economic policies of US President, Donald Trump. The consequences of these tensions go beyond the daily headlines, and we are continuing to see major impacts across the global economic landscape, including all major smart building markets. Recent macroeconomic indicators highlight […]

Beckhoff Predicts Recovery after Posting 33% Decline in 2024 Revenues
In this Research Note, we examine Beckhoff, a German family-owned industrial automation business, and its reaction to a sharp decline in 2024 revenues, announced on 31st March 2025. We also highlight a recent partnership and deployment in its building automation division. This article updates our previous coverage of the company in October 2024. Beckhoff Automation […]

Flowscape Unveils New Market Strategy After 2024 Revenue Decline
In this Research Note, we examine the Swedish workplace management solutions vendor, Flowscape Technology AB, based on their year-end report for 2024, issued on 21st February 2025. This article updates our previous Research Note from May 2024. Flowscape is a SaaS provider of digital workplace solutions for the hybrid office. The business concept was born […]