HVAC Controls

In this Research Note, we examine the acquisition of German building automation firm, DEOS AG by Regin AB, a Swedish HVAC products firm, announced on 31st May 2022. DEOS AG becomes a part of the Regin Group with a separate product line under the DEOSbrand name. With this transaction, the Regin group strengthens its market positions in Germany, Austria and Switzerland. […]

Major crises are like junctions in the road of our economic development. Be it a pandemic, a war, or a natural disaster, time slows down as all affected wait for the outcome of the crisis to decide which way to turn. During the early stages, the future is unknown, companies begin to reassess all their […]

In this Research Note, we examine Nuuka Solutions, a Finnish SaaS provider of a cloud-based building analytics platform to centrally monitor and manage the energy efficiency, indoor air quality and HVAC performance of real estate portfolios. This analysis covers their 2021 financial performance, 2022 revenue targets, stakeholder changes, growth strategy and recent projects. This article, part of a […]

This Research Note examines Viessmann climate and refrigeration solutions business based on their 2021 financial results, press releases, acquisitions, and divestments. Founded in 1917, Viessmann is a leading global provider of sustainable climate (heating, cooling, water and air quality) and renewable energy solutions. The family-owned company is based in Allendorf, Germany with over 13,000 employees […]

For more than 100 years, Sauter Group, based in Basel, Switzerland with a production site in Freiburg, Germany, has provided products, solutions and services for building management and room automation.  With around 350 employees at the Basel site and 2,700 people worldwide, Sauter reported 2020 turnover of approx. €500 million, making them one of the second-tier building […]

In this Research Note, we examine the Belimo Group, based on their 2021 annual report, investor presentations and their long-term growth strategy in the building automation field devices sector. Belimo Group, a listed company on the Swiss Stock Exchange, is headquartered in Hinwil, Switzerland with approximately 2,000 employees. The group is a market leader in field devices for […]

Bemsiq AB, with headquarters in Gothenburg, Sweden, consists of a group of 10 companies and 475 employees providing building automation field devices and energy metering products.  The business was established by Latour, the Swedish investment group in 2016. In this Research Note, we examine the Bemsiq business, based on the investor presentations, annual report of their parent company and […]

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, […]