Energy Management
Johnson Controls UK Analysis: 8 Strategic Acquisitions Since 2022 Drive Revenues
October 13th, 2025A SEA of Energy Efficiency Opportunities in 2025!
October 9th, 2025Hager Group’s Energy Management Software Expansion: 15 Years of Acquisitions Analyzed
This Research Note examines Hager Group, the German supplier of electrical distribution products for residential applications, which has extended its business focus to commercial buildings. We comment on its recent inorganic growth strategy in energy management software and services, before analyzing the impact of their acquisitions since 2010. Hager Group Profile Hager Group is a […]
Delta Electronics Building Automation: Key Insights in 2025
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 […]
MRI Software: Exploring the 2025 IPO & Sale Options
This Research Note examines a report from Reuters that MRI Software is to be listed in an IPO or sold. We explore the development of the business over the last 10 years, since it was acquired by private equity owners, highlight their software acquisitions for commercial real estate applications addressing integrated workplace management, tenant experience […]
Podcast 40: Stiles Property Management Found $400K+ in Hidden Savings
Most property managers know their buildings are hemorrhaging money through inefficient systems. The problem? They have no idea where to start looking. Devon Newton, VP of Property Management at Stiles, faced this exact challenge with 110 East, a new Class A development in Charlotte’s Southpark district. Despite managing 116 properties across the Southeast, she found […]
Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger
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 […]
Verdigris: Comprehensive Review of the Energy Management Platform in 2025
This Research Note takes an in-depth look at Verdigris, provider of a hardware-enabled SaaS energy management solution for commercial and industrial buildings. We examine the company offerings, disclosed funding, deployments, and partnerships before providing a Memoori view on the firm. Verdigris Profile Co-founded in 2010 by Mark Chung, CEO, Verdigris Technologies Inc. is headquartered at […]
learnd’s Strategic €48.5M Management Buyout Signals New Growth Phase
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. […]
Trane Technologies Growth Through Acquisition: Key 15 Smart Building Deals Since 2013
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 […]