HVAC Controls
Swedish Building Automation Challenger Regin AB Acquires DEOS AG
June 10th, 2022The Growing IoT Divide in Commercial Real Estate
June 8th, 2022Nuuka Building Analytics Business and Financials Examined
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 […]
Viessmann Group Business and Financials Examined
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 […]
European Building Automation Player Sauter Advances Growth Strategy in Facility Management Services
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 […]
Belimo Group 2021 Financials and Growth Strategy Examined
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 Grows its Building Automation Field Devices Business to Over $100m
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 Building Automation and Fire & Security Businesses Examined
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, […]
Trane Commercial HVAC Business 2021 Examined
In this Research Note, we examine the commercial HVAC business of Trane Technologies, which includes their building automation and energy services portfolio. It is based on their 2021 annual results, investor presentations and related activities throughout 2021. Trane Technologies was formed in 2020 following a spin-off from Ingersoll Rand’s Climate Division. As a vertically integrated enterprise, Trane offers […]
Robust Market for Smart Buildings M&A in 2021
A record number of acquisitions (286) in the smart buildings space in 2021 accounted for a 31% increase on 218 deals in 2020 and a 10% increase on the previous record of 259 transactions in 2019. There was a robust market for mergers and acquisitions (M&A) among both security product manufacturers and systems integrators last year, […]