Cooling
Daikin’s 2025 Strategy: Major Acquisitions Boost HVAC & Data Center Growth
August 11th, 2025Zehnder Group Strengthens Indoor Air Quality Portfolio with 2025 Airthings Acquisition
June 24th, 2025
Samsung Acquires FläktGroup for €1.5Bn in Significant HVAC Deal
This Research Note examines what’s behind the acquisition of FläktGroup, a German HVAC systems provider, by Samsung Electronics, announced on 14th May 2025. We explore the transaction details and strategic rationale before providing our assessment of the respective businesses of both parties, based on recent press releases and Memoori analysis. Transaction Details In May 2025, […]

Kaer Secures $350 Million to Dominate Low-Carbon Cooling Across Asia
This Research Note examines the recent strategic investment by Patrizia and Mitsui in Singapore-based Kaer. We highlight the As-a-Service business model and the strategic investments targeting up to USD 350 million in capital deployment which aim to accelerate the transition to low-carbon cooling in Asia. Kaer Profile Established in 1993 in Singapore, Kaer designs, builds, […]

Schneider Electric Shows Strong Growth in the Data Center Infrastructure Market
In this Research Note, we examine the Data Center business of Schneider Electric, based on their 2024 Full Year Results, Presentation, and Earnings Call of 20th February 2025. We also highlight previous acquisitions and growth for this key vertical, before assessing the competitor landscape and ranking of the major building infrastructure suppliers in the data […]

What’s Behind Schneider Electric’s Acquisition of Motivair?
This Research Note examines what’s behind Schneider Electric’s acquisition of Motivair Corporation, a US manufacturer of liquid cooling solutions for data centers. We review the transaction details, the strategic rationale, the Motivair offering and assess how this acquisition fits into Schneider Electric’s data centers portfolio. Transaction Details Schneider Electric agreed to acquire a 75% controlling […]

Belimo Capital Markets Day 2024: Targeting Growth Hotspots
Belimo, a listed company on the Swiss Stock Exchange, hosted its Capital Markets Day 2024 on 4th September 2024. This Research Note focuses on the building automation device manufacturer’s perspective on its growth targets. This is an update to our previous coverage of Belimo’s growth strategy and our latest Examined article. At Capital Market Day […]

Beyond COVID-19 to the Vast Benefits of Cleaner Workplace Air
The air quality of our indoor spaces has seen renewed interest in the past 18-months as a strong relationship emerges between the quality or flow of air and the spread of coronavirus. In the rush to get workers back into their physical workplaces, we have seen a surge of office buildings improving and reconfiguring their […]

Dirty Cryptocurrencies Must Take A Smart Building Approach to Energy Efficiency
While still seeming strange and unofficial to many, cryptocurrencies have now become an established part of the world economy. These blockchain-based virtual currencies have become hugely popular for a wide variety of people around the world, from mom and pop investors to billionaires such as Elon Musk, who recently began accepting Bitcoin as payment for […]