Physical Security
Johnson Controls 2026: Security Exits Accelerate as Data Centers Surge
October 30th, 2026Dahua Profits Surged 33% Despite Shrinking Western Access
October 12th, 2026
Schneider Electric’s Saudi Deal Boosts Building Automation 2026
This Research Note examines Schneider Electric’s acquisition of Jeddah-based Al Mayssan Technical Services (MTS), a Saudi building management systems integration specialist. We highlight the development of the French energy and automation group’s presence in Saudi Arabia and comment on its initiatives to strengthen its building automation and project-delivery capabilities in the Kingdom. MTS Acquisition In […]
dormakaba’s CHF 1 Billion Goal Faces a Reality Check
This Research Note examines dormakaba, one of the three largest companies in the global access solutions market. Based on its FY2025/26 results (year ending June 30, 2026), we review the financial highlights and look closely at North America, its largest market. We then assess whether it can reach its goal of more than CHF 1 […]
Hanwha Vision AI Camera Growth: 49% of Q4 Camera Sales
This Research Note explores the 2025 financial highlights and global markets of Hanwha Vision, formerly known as Hanwha Techwin, a video surveillance company listed on the South Korean stock exchange as of January 2025. The analysis is based on Hanwha Vision’s quarterly earnings presentations and our 2025 Memoori Global Video Surveillance report. It updates our […]
Delta Building Canvas 2026: Inside Delta IBT’s Bold AI Bet
This Research Note explores Delta Building Canvas, an AI-driven engineering platform from Delta Intelligent Building Technologies (DIBT) that leverages digital twin technology to enable more efficient planning, configurations, simulations, and optimization of building systems. This article is based on a June 2026 webinar on the future of buildings and our view of Delta IBT’s AI […]
Geutebrueck Sells to IBEX: €23m Video Specialist Times Its Exit
Geutebrueck, the German video security specialist, has agreed a sale to IBEX Wachstumspartner, a Munich investor focused on succession in the German “Mittelstand”, with the Berlin AI group Merantix investing alongside. Announced 26 August, the deal closes on 31 August 2026. Katharina Geutebrück and her husband Christoph Hoffmann sell all their shares and step down; […]
Azure Access Acquired by dormakaba to Strengthen US Strategy 2026
This Research Note examines dormakaba’s August 2026 acquisition of US firms, Azure Access and Apollo Security. We assess the strategic rationale of the deal and explore the group’s North American growth strategy and business model change for access control products in the USA. This article updates our previous September 2025 article on dormakaba’s North American […]
Comelit Targets €300m by 2030 with Ritto Acquisition from Schneider Electric
This Research Note examines the acquisition of Ritto door entry systems by Comelit Group from Schneider Electric in July 2026. We highlight the transaction details, Ritto’s development and Comelit’s financials and strategy, before assessing the rationale for the Schneider Electric divestment. This article updates our coverage of Comelit in May 2024. Transaction Details The agreement […]
Acquisitions Surge in 2026: 46 Smart Building Startups Acquired So Far
In May 2026, Autodesk agreed to pay $3.6 billion for MaintainX, a maintenance and asset management software company founded just 8 years ago, and the largest acquisition in Autodesk’s history. Measured against what the business earns today, that is about 27 times annualized recurring revenue: MaintainX expects to exceed $135 million in ARR for 2026, […]
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