Investments
Pavegen’s Hong Kong Deal Signals 2025 Smart City Breakthrough
July 31st, 2025Smart Building Startups Navigate Shifting Investment Landscape in 2025
July 22nd, 2025
MapsPeople Secures Private Equity Acquisition & Delists from Nasdaq First North
In this Research Note, we examine MapsPeople, a Danish public company providing indoor mapping and navigation software, which announced an agreement to be acquired by a Canadian technology firm, Apex Group Technologies on 28th April 2025. This article highlights what’s behind the transaction, including reference to MapsPeople’s 2024 financial results, published 6th March 2025, and […]
Kaer Secures $350 Million to Dominate Low-Carbon Cooling Across Asia
This Research Note examines the recent strategic investment by Patrizia and Mitsui in Singapore-based Kaer. We highlight the As-a-Service business model and the strategic investments targeting up to USD 350 million in capital deployment which aim to accelerate the transition to low-carbon cooling in Asia. Kaer Profile Established in 1993 in Singapore, Kaer designs, builds, […]
Soletair’s Building Integrated Carbon Capture Business Examined 2025
This Research Note explores the building integrated carbon capture business of Soletair Power, a Finnish startup founded in 2016. We examine how their Direct Air Capture (DAC) technology works and highlight their funding, strategic investors, and partnerships before commenting on the competitive landscape. Soletair Power Profile Soletair Power Company Profile, September 2024 Direct air capture […]
Allegion’s Strategic Direction Revealed: Access Control Digital Transformation 2025
In this Research Note, we examine Allegion’s progress in the digital transformation of its access control business in 2024, before assessing its strategic direction in recent years. Our research is based on Allegion’s 2024 full-year results, 18th February 2025, and acquisitions, strategic partnerships, and investment activity since 2020. We previously mapped their strategic direction in […]
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 […]
