In this research note, we have compiled lists of the top 5 Acquisitions AND the top 5 Investments completed in the smart building industry in 2024. There has been significant deal activity throughout 2024, with acquisitions and investment across all aspects of the operation and maintenance phases of the building lifecycle. High-value acquisitions were dominated by conglomerates divesting non-core assets, and notable investments were dominated by energy management and efficiency in domains such as data centers. Top 5 Smart Building Acquisitions in 2024 In July, Johnson Controls International (JCI) agreed to sell its Residential and Light Commercial (R&LC) HVAC business in an all-cash transaction to the Bosch group. The transaction includeed the North America ducted business and the global residential joint venture with Hitachi, Ltd., of which JCI owns 60% and Hitachi owns 40%. In fiscal 2023, the R&LC HVAC business generated approximately $4.5 billion in consolidated revenue. The total transaction is valued at $8.1 […]
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