Smart buildings
Zehnder Group Strengthens Indoor Air Quality Portfolio with 2025 Airthings Acquisition
June 24th, 2025Vilisto’s Strategic Growth in the Commercial Building Market 2025
June 23rd, 2025
Wesco’s $36.5m Deal for entroCIM Powers Shift to Services
In this Research Note, we explore what’s behind the acquisition of entroCIM by Wesco and examine the software business which has become part of Wesco’s Data Center Solutions segment. We also highlight Wesco’s strategy evolving from a distributor to a services provider. Transaction Details Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500 company with […]
Technovator Reports $36.4m Loss in Challenging 2024 Performance
In this Research Note, we examine Technovator, a Chinese building automation firm, based on their 2024 Annual Report and financial results, published on 26th March 2025. This article updates our previous coverage of the company in June 2024. Technovator Profile Founded in Singapore in 2005, Technovator is listed on the Main Board of the Hong […]
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 […]
Azbil’s Building Automation Profits Surged 26% in 2024
In this Research Note, we examine Azbil, a Japanese public company with a leading position in the domestic building automation market. The financial highlights and FY2025 outlook for the Building Automation business are based on their FY2024 annual results, year ending 31st March 2025, investor presentation, 13th May 2025, Annual Reports, and Memoori analysis. See […]
Runwise Raises $55m, Claiming “Most Capitalized & Widely Deployed Smart Building Platform in US”
This Research Note examines the recently announced Runwise $55M Series B financing round, led by Menlo Ventures. We also parse their claim to be “the most capitalized and widely deployed smart building platform in the US”. Runwise Profile Runwise was founded in 2010 and was formerly known as Heat Watch. The company has undergone a […]
Energisme’s New 2025 Services Strategy Targets Positive EBITDA
This Research Note examines Energisme, the French energy performance software firm listed on the Euronext Growth market since July 2020. We highlight their 2024 financial results and 2025 outlook, based on their 23rd April and 26th February press releases and 2024 Annual Report. This article updates our previous Research Note in May 2023. Energisme Profile […]
learnd SE Reports Strong 73% Revenue Growth
In this Research Note, we examine learnd SE, a Luxembourg public company operating in the UK and Ireland as a BMS integrator and energy management service provider. We focus on their 2024 financial results, announced on 30th April 2025, 2024 Annual Report, and Annual Results Presentation. This article updates our previous coverage of learnd’s buy-and-build […]
Bosch Powers Through Difficult 2024 with Big HVAC Expansion
This Research Note examines the Energy and Building Technology (EBT) business sector of the Bosch group, focusing on their 2024 annual results, the Home Comfort and Building Technologies divisions and how forthcoming acquisitions and divestments will impact these businesses in 2025. This article is based on Bosch’s 2024 results announcement, 31st January 2025, 17th March […]
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