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
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