Investments
Soletair’s Building Integrated Carbon Capture Business Examined 2025
March 25th, 2025Allegion’s Strategic Direction Revealed: Access Control Digital Transformation 2025
March 24th, 2025
French Demand Response Aggregator Voltalis Examined
This Research Note explores Voltalis, a French Demand Response aggregator, specializing in intelligent demand-side management which temporarily modulates electricity consumption in homes and buildings to balance supply and demand. We examine the company’s platform, its market leadership in France, entry into the UK and external funding, before providing our view on the market. Voltalis Profile […]
Bain Capital Acquires Apleona. What’s Driving the Deal?
This Research Note explores what’s behind the recent acquisition of Apleona, a German technical facility management business by Bain Capital, the European private equity firm. Our focus is on the strategic rationale of Bain Capital to acquire this firm, Apleona’s prior acquisitions in facility management, and its strategic investments in digital building services. Bain Capital […]
Ricoh Workplace Experience Business Explored
This Research Note examines the workplace experience business of Ricoh Group, a $15.5 billion Japanese provider of workplace services, print and imaging solutions. We explore their Workplace Experience solutions and services business, their Spaces platform, partnerships, integrations, investments and acquisitions. Ricoh Workplace Experience Business The workplace experience business is part of Ricoh Digital Services organization, […]
ButterflyMX Video Intercom & Access Control Business Examined
This Research Note examines ButterflyMX, a New York City-based video intercom and access control systems provider founded in 2014. We highlight their product suite, external funding, deployments, acquisitions, and growth before providing our view of the company. ButterflyMX Product Suite ButterflyMX launched its smartphone-powered Video Intercom in 2014. Since then, ButterflyMX has scaled its product […]
Honeywell Spinoff of Building & Industrial Automation Businesses into New Public Company
This Research Note examines the announcement of a new Honeywell Automation public company which will be formed from the spinoff of Building Automation (BA) and Industrial Automation (IA) businesses, reported in their Q4-2024 earnings call, on 6th February 2025. We also review the FY 2024 results and outlook for the Building Automation segment, highlighting its […]
ABB Electrification Business & 2024 Financials Explored
In this Research Note, we examine ABB’s Electrification business and its 2024 financial results announced on 30th January 2025, specifically in relation to commercial buildings and data center end markets. We also highlight acquisitions and investments made by the business throughout 2024. ABB Electrification Divisions The Electrification business is split into 5 divisions, which provide […]
Smart Building Startup Investment Reached $6.9Bn in 2024
Our new research shows that funding from venture capital, private equity, and corporate backers for smart building startups reached $6.9 billion in 2024, the 3rd highest year in value since 2015. This funding was spread across 279 funding rounds, a 17% increase on 2023. We identified 1,331 startups founded since 2013 in the management and operations […]
CBRE Building Operations & Experience (BOE) Business Examined
In this Research Note, we examine CBRE’s recent announcement of the creation of a new Building Operations & Experience business segment, in conjunction with the acquisition of Industrious, a US provider of flexible workplace solutions. We assess the changes to the former Global Workplace Solutions business and comment on the Industrious acquisition and the state […]
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