M&A and Investments in Smart Buildings H2-2019M e m o o r i J a n u a r y 2 0 2 0

M&AandInvestmentsinSmartBuildingsH22019

Synopsis This 2nd Edition of our Deal Tracking Service will be of value to all those engaged in managing, operating and investing in smart building companies.

© 2020 Meemoori Research AB

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Introduction

Memoori’s service tracking M&A and investments in smart buildings H2-2019 is the second edition of a regular update which will be published on a half-yearly basis. This second edition consists of;

• A Set of 70 Presentation Slides containing detailed analysis, notable acquisitions and investments and 40 profiles of acquisitions, buyers, investments and investors.

• A Spreadsheet of Acquisitions covering 3 years since January 2017, including date, description, deal values, revenues and exit multiples where disclosed.

• A Spreadsheet of Investments covering 3 years since January 2017, including funding type, date, description, value and investors where disclosed

Our analysis reveals which companies are being funded or acquired as well as which established players are attracting growth equity or acquiring technology to augment their portfolios. It pulls together data relating to 7 key categories (see below) from the diverse smart buildings space; specifically Building Fabric, Physical Security & Safety, Building Energy Management, Building Automation, Smart Home, Smart Building to Smart Grid and Proptech.

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What This Report Will Tell You

Record levels of M&A in the last 2 years are confirming a shift in this slowly evolving market, with 232 acquisitions in 2019 and 226 in 2018, which was a 66% increase over 136 in 2017. This heightened level of activity maintained over the last two years is a significant indicator that a tipping point has finally been reached in the acceptance and adoption of intelligent building technology.

Investment in 2019 amounted to $5.4 billion spread over 316 funding rounds. This is around 31% lower than the record level of $7.8 billion capital investment over 361 rounds in 2018, but a 61% increase on the 2017 level of $3.3 billion spread over 301 rounds.

This is the most complete and up-to-date report tracking VC/PE funding and M&A in the global smart buildings space, with an analysis of notable deals and most active investors and buyers during H2-2019; drawing comparisons with the last 2 years.

Since the publication of our first M&A and Investments report in July 2019, we have also amended our coverage in the Physical Security domain to include those AI companies in China who are focusing on facial recognition. This includes companies such as Megvii and SenseTime, who have attracted extraordinarily high value investments.

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The information and analysis within our Deal Tracking Service is based on extensive and continuous research in the Smart Building Space. It benefits from Memoori’s previous research over the last 3 years on subjects such as StartUps the Building Internet of Things (BIoT), Big Data, Security, Occupancy Analytics and Human-Centric Lighting.

It demonstrates the critical contribution that Venture Capital and Private Equity Finance is making to the introduction of innovation in the Smart Buildings space.

This Second Edition of our Deal Tracking service, entitled M&A and Investments in Smart Buildings, H2-2019, consists of 70 slides in landscape format and supporting Excel files with complete listings of acquisitions and investments covering 3 years since January 2017, based on Memoori’s relational database of deals.

The slides also include 20 company profiles of acquisitions and investments together with 20 profiles of buyers and investment firms, presenting our view of their respective strategies and significant M&A or investment activity.

Memoori covers investments focused on the facility operations and management stage of the building lifecycle, across 7 segments – Building Automation, PropTech, Building Energy Management, Physical Security and Life Safety, Building-to-Grid, Building Fabric and Smart Home.

Starting at only USD $1,500 for a Single User License; this research provides valuable information into how companies are developing their businesses through acquisitions, investments and alliances.

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Table of Contents

Introduction

Mergers & Acquisitions

Summary of M&A H2-2019

M&A Activity 2017 to 2019

Highest Value Acquisitions 2017 to 2019

Notable Acquisitions H2-2019: Commercial & Industrial Sector

Notable Acquisitions H2-2019: Residential Sector

Notable Acquisitions: Information Sources

Acquisition Profiles: EasyIO, GesellschaX für Regelungstechnik und Energieeinsparung, Global Technical Group, iLOQ, Jibestream, Keen Home, LocusLabs, OpenEye, Rifiniti, Vivint Smart Home

Buyer Profiles: Albireo Energy, Bosch Building Technologies, Convergint Technologies,

Fidelix, FM:Systems, Johnson Controls, Latour Industries, Nordomatic, SmartSpace Software, Vitaprotech

Investments

Summary of Investments H2-2019

Funding Rounds by Sector H2-2019

Volume and Value of Investments 2017 to 2019

Highest Funded Companies 2017 to 2019

Notable Investments H2-2019: Commercial & Industrial Sector

Notable Investments H2-2019: Residential Sector

Investment Profiles: 75F, Eden, Equiem, Latch, MiniBEMS, MyGate, RapidSOS, Smarten Spaces, Stratos IoT, Thing Technologies

IPO Profiles: Sunnova Energy

Investor Profiles: Earthworm, Engie New Ventures, Honeywell Ventures, InnoEnergy, Metaprop, Navitas Capital, Priva, PropTech1 Ventures, SET Ventures, Wells Fargo Innovation Incubator

Information Sources

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List of Charts & Figures

Smart Building Technology Categories Included in our Research

Number of Acquisitions per Half Year H1-2017 to H2-2019

Number of Acquisitions by Sector 2017 to 2019

High Value Acquisitions in 2018 & 2019

Notable Acquisitions: Commercial, Industrial & Residential Sectors H2-2019

Number of Investments in H2-2019 by Sector

Number of Investments per Half-Year

Value of investments in $ Millions H1-2017 to H2-2019

Highest Funded Companies in 2019 ($ millions)

Highest Funded Companies in 2018 ($ millions)

Notable Investments: Commercial, Industrial & Residential Sectors H2-2019

List of Tables

Listing of M&A Deals covering 3 years since January 2017, including date, description, deal values, revenues and exit multiples where disclosed

Listing of Investment Deals covering 3 years since January 2017, including funding type, date, description, value and investors where disclosed.

How to Order The 2nd Edition of our Deal Tracking Service is priced at $1,500 USD for a Single User License, and ONLY $1,750 USD for an Enterprise License. It is delivered as an electronic PDF & Spreadsheet download, via email.

To order, or if you require further information please contact;

Jim McHale - jim@memoori.com / +46 8 501 64 177

Alternatively you can order through our Website – https://memoori.com/portfolio/ma-and-investments-in-smart-buildings-h2-2019/