Facilities
Johnson Controls Advances Digital Strategy: 2025 Earnings Show Services Expansion
November 11th, 2025Limbach Aims to Disrupt MEP Services: 2025 Analysis
November 10th, 2025
Siemens Advances Net-Zero Strategy: 3 UK Universities Deploy Smart Building Tech
In this Research Note, we examine Siemens solutions portfolio for smart campuses and highlight three major deployments of decarbonization technologies at UK university campuses in London, Birmingham, and Kent. Siemens Buildings business in the UK has implemented a range of solutions including energy audits, lighting replacement, building management system upgrades, solar energy & heat pump […]
MazeMap Acquires Thing-it: Key Insights from 2025 Workplace Platform Consolidation
This Research Note examines the acquisition of the German software company Thing-it, by MazeMap, a Norwegian indoor navigation provider. We examine the development of the two startup companies prior to their merger and conclude with our perspective on the consolidation. Transaction In August 2025, Thing-it became part of MazeMap. Since then, the company reported that […]
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 […]
Emcor’s Consistent Building Services Growth Despite 2024 Market Challenges
In this Research Note, we examine EMCOR, one of the largest mechanical and electrical contractors in the United States and its building services business, which accounts for 24% of the group’s 2024 revenues of $14.6 billion. Based on their 2024 Annual Report and Corporate Overview Presentation, this analysis covers the Building Services financial highlights for […]
Facilio’s Unified Building Operations Strategy: Solid Revenue Growth in 2024
This Research Note examines Facilio, one of 11 startups founded in India gaining traction in the smart buildings space, previously highlighted in our Startups in Smart Buildings Report, published in January 2025. We review their Operations & Maintenance (O&M) platform, disclosed company funding, and unified building operations strategy before providing our own view of this […]
Noda’s Strategic Pivot from Infogrid Continues: Comprehensive 2025 Review
This Research Note takes an in-depth look at UK startup Noda’s filing of their 2024 company accounts, released on 30th July 2025, detailing the financial results of Information Grid Ltd. We also comment on strategic decisions made in 2024 and 2025, including a strategic pivot in their software portfolio and headcount reductions. This article updates […]
Acquisitions Up, Investment Down: Is there a 2025 Smart Building Startup Reality Check?
Last week’s live stream provided a comprehensive analysis of the smart building startup ecosystem, focusing on investment trends, acquisition activity, and market dynamics for the first half of 2025. The session covered key data insights, market consolidation patterns, and strategic considerations for companies operating in the commercial building technology space. In this research note, you […]
Vinci’s €287M German Acquisition Spree Transforms Building Solutions
This Research Note examines the Building Solutions business of Vinci Energies, highlighting its focus, vertical markets, and financial performance of its operations, based on its 2024 financial results and Capital Markets Day presentation. Vinci Energies Building Solutions Profile Vinci Energies offers a range of electrical and multi-technical solutions and services for commercial and industrial buildings, […]
