Energy Services
Mapping the Strategic Direction of Siemens in Smart Buildings – Part 1
October 10th, 2022Technovator Smart Buildings Business and 2021 Financials Examined
May 13th, 2022
Bosch Energy and Building Technology Business 2021 Examined
In this Research Note, we examine the Bosch Energy and Building Technology businesses, based on their 2021 annual results, M&A strategy, and related activities in energy, building automation, and security systems. Bosch Energy and Building Technology (EBT) business, the smallest of four reportable sectors, accounted for €5.9 billion revenues in 2021, just 7% of Bosch Group, a leading German […]
Spica Technologies Acquired by Scandinavian Smart Building Systems Integrator Nordomatic
The Nordomatic Group, the largest independent integrator of open, cloud-based smart building solutions in the Nordic region, has announced the acquisition of Spica Technologies, a Birmingham, UK based provider of digital workplace software. Founded in 2014, Spica’s cloud-based technology has been deployed across more than 25 million square feet of office space in 20 countries throughout Europe, North America and Asia […]
Carrier Building Automation and Fire & Security Businesses Examined
Carrier Global Corporation, established as an independent public company, following its spinoff from United Technologies Corp. in April 2020, is one of the top three global HVAC equipment manufacturers. In this Research Note, we examine two of its adjacent business areas – the Fire & Security and Building Automation businesses, based on Carrier’s 2021 10K Report, […]
Trane Commercial HVAC Business 2021 Examined
In this Research Note, we examine the commercial HVAC business of Trane Technologies, which includes their building automation and energy services portfolio. It is based on their 2021 annual results, investor presentations and related activities throughout 2021. Trane Technologies was formed in 2020 following a spin-off from Ingersoll Rand’s Climate Division. As a vertically integrated enterprise, Trane offers […]
Consolidation Intensifies in European Building Automation & Energy Services Market
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. The European building automation market is seeing further evidence of consolidation and investment, as acquisitions continue to intensify competition in the sector. In the last two years, corporate buyers providing building management solutions, energy services and technical facilities management have acquired solution providers […]
What Does a Blockchain Enabled Energy System Look Like?
Blockchain may be best known for its cryptocurrency applications but it is promising to be a game-changing force in any application that requires certification and exchange. As part of our April Blockchain Series, we explore the hype surrounding the blockchain’s potential for the Internet of Things (IoT), through applications in smart buildings, cities and grids. […]
European Utilities Expand Beyond the Meter into IoT, Building Performance Software & Energy Services
This article was written by Daphne Tomlinson, Independent Senior Research Associate at Memoori. Competition is intensifying as European utility groups challenge players from the building automation, energy services and technical facilities management sectors in offering smart building technologies, software and services. The focus of investments is in two areas: 1. IoT solutions and software platforms […]
Divestment Trend Continues with GE Energy Services Start-Up ‘Current’
GE has announced the creation of Current, a start-up that combines energy hardware with a digital backbone to make power simpler and more efficient for customers. The company, which is backed by GE’s balance sheet, brings together GE’s LED, solar, energy storage and electric vehicle businesses as a one-stop shop for early customers like Walgreens, […]
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