Energy Efficiency

In this Research Note, we examine the building automation business of Delta Electronics, a Taiwanese public company. We review the current brand offerings, financial highlights, a recent significant deployment, and provide a Memoori view of this second-tier player, building on our coverage of their strategy last year. Building Automation Brands The building automation business has […]

Nearly 10 years after the merger between Johnson Controls and Tyco in 2016, the $16.5 billion deal stands as one of the most significant consolidation moves in the building technologies sector. Today, with the benefit of hindsight and financial data, we can evaluate whether this mega-merger achieved its ambitious objectives. The 2016 merger created a […]

This Research Note examines learnd SE, a Luxembourg public company, which announced on 24th September 2025, that the founders have taken a majority stake and are to take the company private. We explore the transaction details, learnd’s history and buy and build strategy followed by the implications of the organizational change and a Memoori view. […]

This Research Note examines the acquisitions and divestments that Trane Technologies has completed over the last 11 years in the smart buildings space.  We have classified these transactions by technology, business model and strategic rationale. This article is intended as a non-exhaustive indicator of Trane’s strategic direction, updating our September 2022 analysis. Acquisition Mapping of […]

In this Research Note, we examine EMCOR, one of the largest mechanical and electrical contractors in the United States and its building services business, which accounts for 24% of the group’s 2024 revenues of $14.6 billion.  Based on their 2024 Annual Report and Corporate Overview Presentation, this analysis covers the Building Services financial highlights for […]