HVAC Controls
IMI’s €63m Deal Targets Underserved Mid-Sized Buildings
October 8th, 2026Cisco Smart Buildings: The Forgotten Deal Still Relevant in 2026
September 18th, 2026
Apleona Under Bain Capital: 6 Deals in 18 Months
This Research Note examines Apleona, the German facilities management provider, since the group’s acquisition by Bain Capital in February 2025. We explore its financial highlights in 2025, its market position in Europe, and assess its acquisitions and strategic investments in the last 18 months. This article updates our previous coverage of Apleona in February 2025. Apleona […]
SCorp-io: French Scale-Up Providing BMS to Over 300 Medium-Sized Commercial Buildings
This Research Note examines SCorp-io, a French scale-up providing building management systems (BMS) for medium-sized commercial buildings. We highlight the gap in the French market for energy management in medium-sized buildings, comment on deployments and funding raised by SCorp-io, as well as competition in the European market. SCorp-io is one of 169 startups funded in […]
75F Acquisition Examined: 3 Reasons Carrier Made This Deal
This Research Note examines the announcement on 23rd July 2026 that Carrier Global has acquired 75F, a Minnesota-based provider of IoT building management systems. We draw on our previous coverage of 75F in February 2025 and our analysis of Carrier’s digital buildings and AI strategy in our 2026 Startups and AI Reports. Strategic Rationale of […]
aedifion: HVAC Optimization StartUp Grows Revenue 86% in 2025
This Research Note examines aedifion, a German HVAC optimization startup, its growth in 2025/2026, and external funding before highlighting their recent collaboration with two other DACH smart building startups, Optiml and Green Fusion. This article updates our previous coverage of aedifion in April 2025. Aedifion Profile aedifion GmbH is a startup based in Cologne, Germany, […]
CAREL: Strong Growth to €629M Fuels Pivot Beyond HVAC Components
This Research Note examines Carel Industries SpA, an Italian public company manufacturing control products for HVAC and refrigeration applications. We highlight their latest 2025 financial results, revised strategy and product and service development in 2025. This article updates our previous coverage of the company in July 2023. Carel Group Profile Established in 1973, the Carel […]
Emcor US Building Services Revenue Hits $3.12 Billion
This Research Note examines EMCOR Group, one of the largest mechanical and electrical contractors in the United States with a focus on its U.S. building services business in 2025. This article updates our coverage of the group in September 2025. Emcor Corporate Overview The group has four reportable segments: Electrical construction and facilities services; Mechanical […]
Beckhoff Automation Reports 6% Growth in Revenues to €1.24B
In this Research Note, we examine Beckhoff, a German family-owned industrial automation business, their 2025 financial highlights, 2026 outlook and a recent building automation deployment. This article updates our previous coverage of the company in May 2025. Beckhoff Automation Profile Founded in 1980, Beckhoff Automation GmbH & Co. KG has 5,450 employees worldwide (March 2025), […]
meteoviva Secures Majority Growth Investment from PE Firm Bregal Milestone
Bregal Milestone, a European private equity firm, with roughly €2 billion in capital under management, has taken a majority growth stake in meteoviva, the German vendor of AI predictive controls. The deal is intended to fund faster European expansion and the buildout of meteoviva’s autonomous building control roadmap. We previously covered meteoviva in a 2022 […]
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