Europe

In this Research Note, we examine Kieback&Peter, one of the long-established German manufacturers and systems integrators of building automation solutions and services. We highlight their June 2025 outlook forecast, 2024 results, and review acquisitions & strategic partnerships before commenting on the Trane Technologies stake in the company acquired in October 2025.  This article updates our previous […]

This Research Note examines the Estonian firm, Bisly, the 2026 winner of the ABB Smart Buildings Startup Challenge. This article updates our coverage of the startup in June 2024, with new data on deployments, revenue growth, latest funding and market presence. ABB 2026 Smart Buildings Startup Challenge In its seventh year, the ABB 2026 Startup […]

In this Research Note, we examine the Swedish workplace management solutions vendor, Flowscape Technology AB, based on their year-end report for 2025, issued on 18th February 2026.  This article updates our previous Research Note in May 2025. Flowscape is a small SaaS provider of digital workplace solutions for the hybrid office. The business concept was […]

Something significant is happening in smart building investment. Climate capital, the money that funds the technology used to decarbonize our buildings, is shifting. Not dramatically, not overnight, but measurably and consistently. From the US toward Europe. And the data from our latest startups report tells the story clearly. In our latest, subscriber-only video, we break […]

This Research Note examines the Netmore Group, a Swedish IoT network operator focusing on its smart buildings strategy and acquisitive growth ambitions, culminating with the latest acquisition of French LPWAN network operator, Actility. Netmore Profile Founded in 2010 in Stockholm, Sweden, Netmore Group is an IoT operator that connects properties, offers private and open 5G […]

This Research Note examines the M&A activity of Sauter Group, a Basel, Switzerland-based provider of building automation solutions and services, following two further acquisitions announced in 2025, Grupo King in Portugal and Electracom in the UK.  We highlight the timeline of the 10 transactions over the last 10 years, inorganic revenues acquired and business focus […]

This Research Note explores the Zehnder Group, a Swiss indoor climate solutions manufacturer, based on their Capital Markets Day presentation on 12th November 2025. We highlight the Ventilation Segment, which is the focus of their strategy for growth in the indoor climate solutions and services sector. Zehnder Group Profile Headquartered in Switzerland and listed on […]