Mergers
ESG Software M&A Surges: 11 Deals Reshape the Market in 2026
October 5th, 2026Assemblin Caverion: A Closer Look at the €3.7B Building Services Giant
May 20th, 2026
dormakaba M&A Surge: 9 Deals in 14 Months Signals a Decisive Strategy Shift
This Research Note examines M&A and investment activity at dormakaba over the last 14 months, highlighting their commitment to execute their growth strategy at a bolder pace. We comment on this acceleration of external investments based on 6 bolt-on acquisitions and 3 strategic investments since February 2025, review their North American growth plan, and provide […]
Brivo-Eagle Eye Networks Merger: Cloud Security Consolidation
The recently announced merger of Brivo and Eagle Eye Networks represents the formalization of a decade-long convergence strategy in cloud-based physical security. The two companies, operating under common ownership by entrepreneur Dean Drako since 2015, are consolidating operations to create what they position as the “industry’s largest AI-native cloud physical security platform”. While the announcement […]
Honeywell’s 2026 Automation Spin-Off: Brilliant Strategy or Risky Complex Move?
This Research Note examines Honeywell’s Automation & Control Solutions (ACS) businesses from 10 years ago, and highlights its evolution and major organizational changes since then, resulting in the forthcoming spin-off into an Automation public company. We compare and assess the new organization, review its success factors and ongoing challenges, before providing our view on the […]
Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger
Nearly 10 years after the merger between Johnson Controls and Tyco in 2016, the $16.5 billion deal stands as one of the most significant consolidation moves in the building technologies sector. Today, with the benefit of hindsight and financial data, we can evaluate whether this mega-merger achieved its ambitious objectives. The 2016 merger created a […]
ASSA ABLOY’s Technology Focus: Mapping their Strategy 2023 to 2025
This Research Note examines the technology strategy of ASSA ABLOY, the Swedish headquartered global access control business, by analyzing the acquisitions, divestments, partnerships, and investments of the group’s Global Technologies division. In part 1, we map the strategic direction of HID by categorizing the various transactions by technology since January 2023. Part 2 covers the technology […]
Smart Building Startups Navigate Shifting Investment Landscape in 2025
The smart building startups ecosystem could be experiencing a point of inflection. While venture capital funding has cooled by 13% in the first half of 2025, merger and acquisition activity has exploded by over 60%, signaling a maturing market where consolidation trumps speculation. Our latest comprehensive analysis of 1,266 startups founded since 2014 reveals a […]
Vitaprotech’s 2025 Consolidation: New 4-Channel Strategy Simplifies Structure
This Research Note examines the strategic reorganization of the French security solutions player, Vitaprotech, following its buy-and-build strategy with 13 acquisitions completed over the last 5 years, the most recent of which was Identiv in April 2024. This article highlights the group`s simplified go-to-market approach based on 4 distinct sales channels. Vitaprotech Group Profile Created in […]
CXApp Reports Double-Digit Growth in 2024 Recurring Revenue
In this Research Note, we examine the CXApp workplace experience business and 2024 financials, based on their 10-K Report, SEC filings, and investor presentation, dated 3rd April 2025. CXApp Profile In March 2023, KINS Technology Group Inc, a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the successful completion of its previously announced […]
