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Consolidation trend Feb 2016 Verified

Convergence of Building Technologies and Smart Solutions

The merger highlights a strategic trend toward integrating building controls, HVAC, fire, security, and power solutions to capitalize on the 'Internet of Things' and smart building market opportunities. The combined company aims to offer comprehensive, connected solutions for buildings, campuses, and cities.

“Combination accelerates ability to partner with customers to bring advanced building technology and integrated solutions for better overall performance and experience”
HVAC 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.