Intelligent Buildings

In this Research Note, we examine Technovator, a Chinese building automation firm, based on their 2024 Annual Report and financial results, published on 26th March 2025. This article updates our previous coverage of the company in June 2024. Technovator Profile Founded in Singapore in 2005, Technovator is listed on the Main Board of the Hong […]

This Research Note explores the strategic rationale of the recent acquisition of Dutch firm, MPL by Unica, one of the leading technical service providers in the Netherlands. We examine MPL’s Smart Building Platform as a Service and its integration into it’s Building Intelligence cluster of companies. MPL Acquisition On 20th March 2025, Unica announced the […]

This Research Note explores Built Cybernetics plc, a London AIM-quoted PropTech group delivering Smart Buildings and related services. We examine their latest financial highlights, year ending 30 September 2024, announced 24th March 2025 and their strategic focus to augment their architectural businesses with recurring SaaS revenues from smart building services. Built Cybernetics Profile The Group […]

In this Research Note, we examine LMG, the UK smart building solutions provider and systems integrator, based on their 2023 company accounts, filed earlier this year and the group’s recent strategies to meet the evolving needs of commercial real estate clients. LMG Profile Founded in 1986 and based in London, UK, LMG provides services for […]

In this Research Note, we examine the development of Acuity Brands Intelligent Spaces Group (ISG) and its FY2024 financial results, y/e 31st August 2024. Our analysis is based on the 1st October 2024 news release, presentation, and transcripts of quarterly earnings calls throughout the fiscal year. We also examine Distech Controls’ position in the French […]

In this Research Note, we examine Beckhoff, a German family-owned industrial automation business, with a secondary focus on building automation hardware and software. Founded in 1980, Beckhoff Automation GmbH & Co. KG has 5,500 employees worldwide (March 2024), including over 2,000 engineers. The corporate headquarters in Verl, Germany, is backed up by 23 sales offices […]

In this Research Note, we examine Helvar Oy, the Finnish provider of lighting control and sensing solutions, one of three subsidiaries of Helvar Merca Oy, the ultimate parent company. This article reviews the firm’s main solutions, latest financial results, company reorganization, and focus on wellbeing, via the WELL standard. Founded in 1921, Helvar Oy AB, […]

In this Research Note, we examine the Smart Buildings business of ABB, based on their February 2024 Factsheet and building automation portfolio, acquisitions, divestments and investments throughout 2023. This article updates our 2022 Examined article published in March 2023 and the Capital Markets Day update for Smart Buildings in December 2023. The Smart Buildings division, […]