Smart buildings
Honeywell Spinoff of Building & Industrial Automation Businesses into New Public Company
February 7th, 2025Consolidation in the Smart Buildings Startups Space 2024
February 4th, 2025
ABB Electrification Business & 2024 Financials Explored
In this Research Note, we examine ABB’s Electrification business and its 2024 financial results announced on 30th January 2025, specifically in relation to commercial buildings and data center end markets. We also highlight acquisitions and investments made by the business throughout 2024. ABB Electrification Divisions The Electrification business is split into 5 divisions, which provide […]
Signify’s Lighting Business & 2024 Financials Examined
In this Research Note, we examine the lighting business of Signify, based on their 2024 annual results announced on 24th January 2025 including the revised organization of four verticalized businesses, implemented in April 2024 and their guidance for 2025. Signify, headquartered in Eindhoven, the Netherlands, is the global vendor of conventional lighting, LED, and connected […]
Smart Building Startup Investment Reached $6.9Bn in 2024
Our new research shows that funding from venture capital, private equity, and corporate backers for smart building startups reached $6.9 billion in 2024, the 3rd highest year in value since 2015. This funding was spread across 279 funding rounds, a 17% increase on 2023. We identified 1,331 startups founded since 2013 in the management and operations […]
Shelly Group Smart Building Business & 2024 Financials Examined
In this research note, we examine Shelly Group SE, a public company that provides IoT and smart building solutions based in Bulgaria. This article reviews their product portfolio, a Capital Markets Day presentation of 5th November 2024, preliminary 2024 financial highlights of 9th January 2025, and guidance for 2026. Shelly Group Profile Shelly Group AD is […]
Belimo Building Controls Business & 2024 Financials Examined
In this Research Note, we examine the 2024 financial results of Belimo Group, a leading player in the building control products sector. This article is based on their sales development investor presentation of 20th January 2025. Belimo Holding AG, a listed company on the Swiss Stock Exchange, is headquartered in Hinwil, Switzerland with over 2,400 […]
Smart Spaces Building OS & Workplace App Business Examined
In this Research Note, we examine Smart Spaces, a UK-based vendor of smart building software for commercial real estate. We take an in-depth look at the origins of the firm, it’s deployments, and growth aspirations. Smart Spaces Origins Smart Spaces was established in 2010 as D2 Interactive Ltd, founded by Dan Drogman and his brother […]
Kieback&Peter Building Automation Business & Financials Examined
In this Research Note, we examine Kieback&Peter, one of the long-established German manufacturers and systems integrators of building automation solutions and services. This analysis is based on last month’s publication of their annual company accounts. We also highlight their recent product launches, the planned new headquarters, and a 2025 acquisition. Kieback&Peter GmbH & Co. KG […]
CBRE Building Operations & Experience (BOE) Business Examined
In this Research Note, we examine CBRE’s recent announcement of the creation of a new Building Operations & Experience business segment, in conjunction with the acquisition of Industrious, a US provider of flexible workplace solutions. We assess the changes to the former Global Workplace Solutions business and comment on the Industrious acquisition and the state […]
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