Physical Security Industry

Smart Buildings

Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger

September 30th, 2025
Smart Buildings

Build an AI Agent for Employee Onboarding in Smart Buildings!

September 25th, 2025
drone
Smart Buildings

Drone Dividend: Practical Applications for Commercial Real Estate 2025

This live stream provided a comprehensive and independent analysis of the practical applications of drones for commercial real estate. The session covered how three converging forces (technology maturity, regulatory clarity, and urban permitting) are making drone programs scalable in 2025. In this research note, you will find a summary of the live stream, along with […]

Assa Abloy Strategy Mapping Acquisitions
Security

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 […]

Security

dormakaba Unveils Big North American Push: CHF 1 Billion Goal by 2028

This Research Note examines one of the top three companies in the global access solutions market, dormakaba. Based on their FY2024/2025 financial results, year ending 30 June 2025, and investor presentation, we summarize their financial highlights and explore their North American growth strategy and business model change for access control products. Previously, we covered their […]

Hanwha Vision
Security

Hanwha’s Robust Financial Results: Significant $1Bn Revenue Achievement

This Research Note explores the development and financial highlights of Hanwha Vision, formerly known as Hanwha Techwin, a video surveillance company listed on the South Korean stock exchange. This analysis is based on  Hanwha Vision’s Sustainability Report, 2nd July 2025, and Memoori analysis. Hanwha Vision Profile Headquartered in South Korea, Hanwha Techwin entered the video […]

Allegion Startup Investments 2025
Security

Allegion’s Investment Strategy: 20 Startups Expanding Their Technology Horizon

This Research Note examines Allegion’s relationships with smart building startups over the last 6 years. We highlight recent startup acquisitions, venture capital investments, and strategic alliances which complement their predominantly mechanical security products and systems business. This article updates our previous Research Notes in March 2025 on Allegion’s strategic direction and our coverage of the […]

Secom Avtel Acquisition 2025
Security

Secom Strengthens Global Presence with Strategic $60m Avtel Acquisition

This Research Note examines Secom’s strategic acquisition of Singapore-based security systems integrator, Avtel, highlighting the transaction details, strategic rationale, global operations, and reported revenues of the target. We explore Secom’s expansion strategy and comment on its current and previous investments beyond Japan. Transaction Details & Strategic Rationale Secom Co. Ltd. announced on 25th July 2025 […]

Cogelec Acquisition Legrand
Security

Legrand Expands Access Control Business with €254m Cogelec Deal

In this Research Note, we examine what’s behind Legrand’s agreement to acquire a majority stake in Cogelec, a French specialist in access control. We explore the transaction details, Cogelec’s business model and current offerings, Legrand’s door entry systems, and the strategic rationale of the acquisition. Transaction Details On 9th July 2025, Legrand and Cogelec announced the signing of […]

Paxton USA 2025
Security

Paxton Access Delivers Solid 2024 Results Despite Tough Market Conditions

In this Research Note, we examine Paxton Access, the UK-based private company manufacturing electronic IP access control and video door entry solutions. This article is based on their 2024 company accounts and press releases, updating our previous coverage of the company in December 2023. Paxton Company Profile Founded in Brighton, UK in 1985, Paxton has […]

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