Germany
Kieback&Peter’s 2025 Minority Investment from Trane Strengthens their European Position
October 31st, 2025Hager Group’s Energy Management Software Expansion: 15 Years of Acquisitions Analyzed
October 9th, 2025
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, […]
METRON Targets 2025 Breakeven with Global Growth Strategy
This Research Note takes an in-depth look at METRON, a French energy optimization startup offering an energy performance and carbon emissions reduction platform for multi-site industrial and commercial enterprises. We examine the company profile, external funding, regional presence, acquisitions, and partnerships, and conclude the analysis with our own view. METRON Profile Founded in 2013, by […]
Techem’s Major €6.7B Acquisition by Partners Group to Drive Next Growth Phase
This Research Note examines what’s behind the announcement of the €6.7B acquisition of German submetering firm, Techem by Partners Group and a consortium of minority investors. We highlight the transaction details, ownership history, and strategic rationale, as well as reviewing Techem’s financials and device and services portfolio. Transaction Details Partners Group, GIC, TPG Rise Climate, […]
Vilisto’s Strategic Growth in the Commercial Building Market 2025
This Research Note examines vilisto GmbH, a German startup that has gained traction offering smart thermostats for application in non-residential buildings. We highlight their products, funding, deployments, and growth in revenues and headcount. Vilisto Profile vilisto GmbH was founded in 2016 in Hamburg, Germany, by Christoph Berger, Christian Brase, and Lasse Stehnken. Following a pivot in […]
Elatec Acquired by Allegion to Augment Access Control Portfolio
In this Research Note, we look at what’s behind Allegion’s acquisition of Elatec GmbH, a German manufacturer of security and access technology, specializing in RFID credentials and reader solutions. We highlight the transaction details and strategic rationale before examining their financial development since 2020, recent acquisitions, and private equity ownership. Elatec Profile Founded in Puchheim […]
Bosch Powers Through Difficult 2024 with Big HVAC Expansion
This Research Note examines the Energy and Building Technology (EBT) business sector of the Bosch group, focusing on their 2024 annual results, the Home Comfort and Building Technologies divisions and how forthcoming acquisitions and divestments will impact these businesses in 2025. This article is based on Bosch’s 2024 results announcement, 31st January 2025, 17th March […]
Beckhoff Predicts Recovery after Posting 33% Decline in 2024 Revenues
In this Research Note, we examine Beckhoff, a German family-owned industrial automation business, and its reaction to a sharp decline in 2024 revenues, announced on 31st March 2025. We also highlight a recent partnership and deployment in its building automation division. This article updates our previous coverage of the company in October 2024. Beckhoff Automation […]
Samsung Acquires FläktGroup for €1.5Bn in Significant HVAC Deal
This Research Note examines what’s behind the acquisition of FläktGroup, a German HVAC systems provider, by Samsung Electronics, announced on 14th May 2025. We explore the transaction details and strategic rationale before providing our assessment of the respective businesses of both parties, based on recent press releases and Memoori analysis. Transaction Details In May 2025, […]
