Energy Efficiency

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 […]

This Research Note examines the Swedish building automation group, AB Regin. We explore brands, business model and changes in ownership before highlighting their relocation of actuator production from Taiwan to Italy and their 2025 financial results. This article updates our previous coverage of the group in October 2024 and June 2022. Regin Group Profile Aktiebolaget […]

This Research Note examines the recent transition of Brightly Software to Siemens Asset Management Software.  We highlight the strategic integration into the Siemens portfolio as the foundation for asset health and management, explore the software expansions, recent AI enhancements, and analyse the impact of the acquisition on Siemens SI digital software capabilities and Building X. […]

This Research Note examines Apleona, the German facilities management provider, since the group’s acquisition by Bain Capital in February 2025.  We explore its financial highlights in 2025, its market position in Europe, and assess its acquisitions and strategic investments in the last 18 months. This article updates our previous coverage of Apleona in February 2025. Apleona […]

In this Research Note, we examine Technovator, a key player in the Chinese building automation market, based on its 2025 annual report and financial results. We highlight the negative reaction of analysts to their decline in revenues and profitability. This article updates our previous coverage of the company in June 2025. Technovator Profile Founded in […]

This Research Note examines the recent acquisition of PingCx by Facility Grid.  We highlight the transaction details and the strategic rationale for the deal before commenting on the target company and drawing on our recent research on Digital Twin & AI Startups Across the AEC/O Lifecycle. Transaction Details Facility Grid, a provider of cloud-based commissioning […]

This Research Note examines a potential acquisition of Shelly Group, a European public company based in Bulgaria that provides IoT and smart home solutions, by Schneider Electric.  We explore the target company, its market, financial performance, and fit with Schneider Electric. This Research Note updates our previous coverage of the group in January 2025. Reported Tender […]

Follow the money in smart buildings this year and it leads, overwhelmingly, to one place: energy. Building energy management startups captured 49% of all investment value in the sector in H1 2026, over $2.6 billion across 57 funding rounds In our new report, Startups in Smart Buildings H1 2026, we break down exactly where that […]