Investments
‘SaaSy’ Integrated Workplace Management System (IWMS) Vendors
July 4th, 2024Funding for Physical Security Startups 2023 / 24
June 5th, 2024
Comelit Physical Security & Building Automation Business 2024 Examined
In this Research Note, we explore Comelit Group SpA, an Italian manufacturer of physical security systems, highlighting its M&A growth in the last 5 years culminating in its entry last month into the building automation market. Founded in 1956, Comelit specializes in the design and manufacture of video entry, video surveillance, anti-intrusion, home automation, access […]

What’s Behind the Acquisition of Dedrone by Axon?
This Research Note examines what’s behind the Axon acquisition of Dedrone, a US counter-drone startup. We review the transaction details, explore the previous investment and partnership leading up to the takeover, and highlight Axon’s strategic rationale to invest in robotic security technology. Axon Business Profile Axon Enterprise Inc, formerly TASER International is a US-listed public […]

Mapping the Strategic Direction of Nordomatic in Smart Buildings
In this Research Note, we explore the strategic direction of Nordomatic, the leading independent BMS systems integrator in Scandinavia. This Research Note examines the company’s strategic priorities in the smart commercial buildings space. through mapping M&A and investment activity to ascertain the growth ambitions of the business from 2019 to date. Founded in 1967 and headquartered in […]

Honeywell Building Technologies Business & Financials 2023 Examined
In this Research Note, we examine the Building Technologies business of Honeywell (HBT) based on their 2023 10K Report, investor presentations and commentary from their Q4 investor call. The strategic rationale for the Carrier Access Solutions acquisition is further discussed and significant investments and partnerships by HBT throughout the year are highlighted. Honeywell Products & […]

Funding for AI HVAC Optimization Startups Continues into 2024
Heating and cooling represents over half of building energy consumption. Therefore, the optimization of heating, ventilation, and air conditioning (HVAC) systems has long been a key component of the smart building vision. While there have been significant efficiency gains from smart technology in recent decades, it has become clear that increased optimization of complex and […]

Mapping the Strategic Direction of Patrizia in Smart Buildings & Cities
This Research Note examines the emerging strategic priorities of Patrizia within the buildings and infrastructure space. We have mapped M&A, divestments, strategic partnerships and investment activity to ascertain the growth ambitions of the company, by categorizing the various business relationships by technology and investment type over 5 years. Patrizia is a globally renowned investment group […]

Influx of Capital from Private Equity Powers Smart Building Tech Space
This Research Note examines recent private equity backing of companies in the building technology space, with a focus on commercial real estate. We reviewed this topic in January 2022 in the context of growth in hybrid workplace technology. Since then, PE investors have continued to support software and technology-focused companies across the sector. There are […]

Investment in the Smart Buildings Space Declined 26% in 2023
This Research Note highlights our analysis of investment levels raised by smart buildings startups and established players in 2023 from venture capital firms, private equity and strategic investors. We review investment in the smart buildings space in the context of the broader proptech sector, assess funding for startup companies, the role of corporate investors and […]