Smart Thermostat
10 Notable Energy Management Acquisitions in the Smart Buildings Space 2023
January 15th, 20242 European Startups Targeting Self-Learning Thermostats for Light Commercial Buildings
October 24th, 2023
Learnd BMS Integration Business, SPAC Listing & Growth Strategy Examined
Learnd, a UK-based systems integrator, has announced the acquisition of Complete Energy Controls, a Scottish firm delivering Building Management Systems (BMS) with a multi-site energy management focus. This Research Note highlights the public listing of Learnd, their “buy and build” business model, recent and forthcoming acquisitions, based on investor presentations, SPAC documents and Memoori analysis. […]
Is the Failed tado Deal Another Nail in the SPAC Coffin?
Another month and another failed SPAC in the smart buildings industry, this time involving German smart thermostat provider, tado. Each special purpose acquisition company (SPAC) deal offers a different set of reasons for failure, but on the surface, the tado deal with GFJ ESG (the SPAC) appeared to have all the ingredients for success. Tado has […]
Alarm.com Connected Property Business and Financials Examined
In this Research Note, we examine Alarm.com, a US provider of physical security, intelligent automation and energy management solutions for the smart home and commercial real estate. This analysis is based on their 2021 and Q1-2022 financial results, 10K Report, investor presentations, M&A and diversification strategy. Alarm.com, founded in 2000, became a public company in June 2015 on Nasdaq under […]
Legrand Connected Buildings Business & 2021 Financials Examined
In this Research Note, we examine Legrand Group, from the perspective of its latest financial results, strategic roadmap, acquisitions, and connected buildings strategy, based on investor presentations, 2021 Capital Markets Day and their 2021 Universal Registration Document. Legrand positions itself as the only global pure player in the electrical and digital building infrastructure industry, with the largest product offering on […]
The State of SPACs in the Smart Building & PropTech Space
In this Research Note, we examine companies in the proptech and smart buildings space which have opted for a SPAC route to become publicly listed in 2021 and 2022 to date, based on their annual reports, investor presentations, our M&A transactions database and analysis of previous deals. SPAC acquisitions accounted for 11 completed transactions in the smart […]
Trane Commercial HVAC Business 2021 Examined
In this Research Note, we examine the commercial HVAC business of Trane Technologies, which includes their building automation and energy services portfolio. It is based on their 2021 annual results, investor presentations and related activities throughout 2021. Trane Technologies was formed in 2020 following a spin-off from Ingersoll Rand’s Climate Division. As a vertically integrated enterprise, Trane offers […]
Will SPACs Offer an Alternative Exit Route for Companies in the Smart Buildings Space?
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. In 2020, an alternative to a conventional IPO – Special Purpose Acquisition Companies (SPACs) – took the innovation landscape by storm, according to Michael Holman of Lux Research. “A SPAC is an alternative to a conventional initial public offering (IPO) in which an […]
The Smart Contractor: A Disruptive Idea for Smaller Buildings
General contractors, technicians, and handyman-labor hold unique roles, especially within the small and medium scale residential and commercial building sector. Every day these figures are welcomed into buildings for repairs and develop trust through maintenance of critical systems. Every day they advise building operators on how to optimize their systems and even guide decision-makers on […]