Consolidation trend May 2016 Verified
Convergence of Building Systems Technologies
The presentation highlights a strategic trend toward the convergence of core building systems—HVAC, fire, security, and building automation—into integrated technology platforms. This convergence is expected to create new opportunities for companies that can offer tailored solutions across vertical markets like healthcare, education, and retail.
“there will be a convergence of technology over time that will allow that to be not only lower-cost but more meaningful. We think that being the leaders in fire, security and building automation systems gives us a platform to be a real participant as that market converges.”
Entities
HVACOther Sentiment: Positive
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.