OEMs
LumenRadio’s 73% Growth in Building Controls Segment Reveals Strategic Shift in 2024
March 31st, 2025dormakaba Access Solutions Business & FY2023/24 Financials Examined
October 7th, 2024
Belimo Building Controls Business & Financials 2023 Examined
In this Research Note, we examine the Belimo Group, based on their 2023 annual report, investor presentations and financial results announced on 4th March 2024 in the building automation field devices sector. This is an update to our previous coverage of Belimo’s growth strategy. Belimo Group, a listed company on the Swiss Stock Exchange, is […]
HVAC/R Control Products Manufacturer Carel Acquires Smart Building SaaS Provider Kiona
In this Research Note, we examine what’s behind Carel’s acquisition of a majority stake in Kiona, a Norwegian Saas player in building management, energy management and refrigeration management. Our article is based on Carel investor presentations and reports from the seller, Swedish private equity firm Summa Equity. Carel Industries SpA is an Italian public company […]
Senstar Critical Infrastructure Protection Business & 2022 Financials Examined
In this Research Note, we examine Senstar Technologies perimeter protection business, based on their 2022 20F financial report, earnings release, investor presentations, vertical market focus and strategy. This article updates our previous May 2022 analysis. Senstar Technologies Ltd, a listed company on the US Nasdaq global market, based in Ramat Gan, Israel, was established in […]
EnOcean: The Latest Smart Buildings Firm to Ride the SPAC Wave
The alternative IPO trend continues as German firm EnOcean announces its intention to implement a reverse merger with a SPAC to take them public early next year. Special purpose acquisition companies (SPACs) have proved a popular route for companies to list on the stock market without the rigmarole of a traditional IPO process. However, more […]
Belimo Group 2021 Financials and Growth Strategy Examined
In this Research Note, we examine the Belimo Group, based on their 2021 annual report, investor presentations and their long-term growth strategy in the building automation field devices sector. Belimo Group, a listed company on the Swiss Stock Exchange, is headquartered in Hinwil, Switzerland with approximately 2,000 employees. The group is a market leader in field devices for […]
Smart Building Cybersecurity is a Process, Not a Project or a Product
“The boundaries of your digital empire are limitless. What was once a finite and defendable space is now a boundless territory — a vast, sprawling footprint of devices, apps, appliances, servers, networks, clouds, and users,” says Bill Conner, president and CEO of cybersecurity solution provider SonicWall, on the changing landscape of cybersecurity in buildings. “For […]
How Valuable is the Channel in Smart Building Technology?
In the midst of increased M&A activity in the smart building space, it is natural to consider the implications to building owners, operators and other competing solution providers. Do these acquisitions mean that smart building technology is maturing and has “arrived”. Or, were these acquisitions made opportunistically? It’s hard to know, and the answers may […]