Energy Efficiency

This Research Note examines Johnson Controls, a global provider in thermal management, mission-critical building systems, energy efficiency, and decarbonization, based on its Q4 report and earnings call, & year ending 30th September 2026.   We evaluate their strategy in data centers in the last 12 months before highlighting their OpenBlue platform enhancements and recent physical […]

This Research Note examines the fiscal 2026 results for Acuity Intelligent Spaces, the smart building division of Acuity Inc., for the year ending August 31, 2026. Acuity Intelligent Spaces (AIS) grew sales 44.8% and operating profit 145% in fiscal 2026, but most of that jump reflects a full year of QSC. On a like-for-like basis, […]

This Research Note examines Pavegen Systems Ltd, the UK smart flooring startup, which declared insolvency and entered administration on 30th September 2026.  We explore the company’s technology offerings and external fundraising initiatives before providing our assessment of the company’s downfall. This article is based on Pavegen’s July 2025 investor presentation, our July 2025 Research Note, […]

This Research Note covers Zumtobel, the Austrian-listed lighting group. It looks at the group’s results for the financial year to April 30, 2026, first-quarter trading for 2026/27, and its smart building strategy. That strategy includes new open standards work with Fagerhult and a run of partnerships with building technology vendors. This note updates our coverage […]

This Research Note examines the acquisition of Italian building automation specialist iSMA CONTROLLI by IMI plc, the UK-listed engineering group.  We explore the transaction details, strategic rationale, the target company profile and IMI’s Climate Control sector, before commenting on the deal. Transaction Details IMI plc announced on 7th October 2026 that it has agreed to […]

This Research Note examines the proposed acquisition of Ecolibrium Inc. by Built Cybernetics plc, a London AIM-quoted PropTech group delivering Smart Buildings and architectural services.  We explore the transaction details and strategic rationale before assessing Ecolibrium’s SmartSense platform, based on Memoori’s recent report on AI in Commercial Buildings. This article updates our previous coverage of […]

This Research Note explores Nordomatic Group, an independent European system integrator for Building Management Systems (BMS) based in Sweden. We examine the group’s software offerings, ownership, and financial results in the past 12 months before assessing M&A strategy over the last decade, based on public records, press releases, and Nordomatic 2025 Sustainability Report. This article […]