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It wasn’t that long ago that WeWork’s rapid rise and fall was a regular feature in business and financial news but it soon faded into the background as the COVID-19 pandemic took center stage across all media. Taking the company out of the spotlight was likely already a strategy for Sandeep Lakhmi Mathrani when he was brought in as CEO to “settle the ship” after a turbulent time of controversial revelations surrounding former CEO, Adam Neumann, in the build-up to the firm's failed IPO. Too much money had been invested and too many commitments had been made for WeWork to be allowed to cave, but significant restructuring was required to get the firm back on its feet to find a new way forward. “The important thing is fair to say that two years ago, the value of WeWork was zero. The company was on the verge of bankruptcy, company had run out of cash, and the […]
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Several smart building startups will trial energy efficiency, HVAC optimization, and energy storage technology across Amazon fulfillment centers and warehouses in Europe after winning funding in this year’s Amazon Sustainability Accelerator (ASA). The 2024 ClimateTech Pilot Challenge has welcomed startups that have moved beyond prototype testing and are working towards generating initial revenue and growing […]
This Research Note examines what’s behind the acquisition of Danfoss Fire Safety A/S by Siemens Smart Infrastructure announced on 8th October 2024. We review the transaction details, the strategic rationale, the SEM-SAFE fire protection system, and deployments before assessing how this acquisition fits into Siemens fire safety portfolio. Transaction Details Siemens Smart Infrastructure has agreed […]
In today’s complex commercial real estate landscape, energy management has become a critical focus for asset managers, property managers, and facilities managers. As urbanization accelerates, energy demand grows, and the energy market becomes more volatile, optimizing energy use is no longer just about lowering costs, it has become a key factor in achieving sustainability, resource […]
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