Corporate/Finance: Page

  • A worker performs diagnostics on an HVAC unit.
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    Clockworks Analytics acquires digital twin assets from Animated Insights

    Animated Insights Chief Technology Officer Howard Davidson will join Clockworks to help integrate the technology into its fault detection and diagnostic platform.

    By • Oct. 18, 2023
  • An empty office space in San Francisco.
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    Justin Sullivan via Getty Images
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    High office vacancies contrast with data center growth: CBRE market reports

    Artificial intelligence has driven strong data center leasing growth in Dallas/Fort Worth, while San Francisco continues to struggle with converting unused office space. 

    By • Oct. 11, 2023
  • Reflection and lines formed by two modern glass architecture.
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    AirX Climate Solutions to be acquired by PE firm interested in growth

    The HVAC specialist expects Gryphon Investors' backing for "strategic acquisitions," geographic expansion and growth in its aftermarket and service offerings.

    By • Oct. 10, 2023
  • The U.S. General Services Administrations' building.
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    ‘Empty’ federal buildings under scrutiny

    Unused office space poses financial and environmental issues federal agencies must address, lawmakers from both parties said at a Senate committee hearing.

    By • Oct. 9, 2023
  • Exterior of Johnson Controls' headquarters in Glendale, Wisconsin.
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    Courtesy of Johnson Controls.

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    Cyberattack against Johnson Controls sparks downstream concerns

    Worries mounted quickly after the attack on the building automation and industrial control systems vendor, which works extensively with multiple federal agencies.

    By Matt Kapko • Oct. 9, 2023
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    Metropolis to acquire parking facilities operator SP Plus for $1.5B

    The purchase will expand Metropolis' services, which facilitate parking payments without on-site cash or credit cards, to over 3,300 locations across North America.

    By • Oct. 6, 2023
  • An itselectric electric vehicle charger.
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    Retrieved from itselectric on October 02, 2023
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    Curbside EV charging benefits for buildings are the aim of itselectric, Swtch Energy partnership

    Passive fee revenue and energy insights are potential benefits for building owners and operators that can supply electricity to curbside electric vehicle chargers, the companies say.   

    By • Oct. 2, 2023
  • Johnson Controls logo above a production plant in Hanover, Germany.
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    Sean Gallup via Getty Images
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    Johnson Controls hit by ‘severe’ cyberattack

    The manufacturer of industrial control systems, security systems and HVAC equipment said it is still assessing what information was impacted.

    By Matt Kapko • Sept. 29, 2023
  • A geothermal heat pump and various energy meters.
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    Sean Gallup via Getty Images
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    NREL adds geothermal hybrid system to energy project cost analysis tool

    The tool can help facilities owners and operators identify the optimal mix of geothermal heat pump technologies, renewable energy, conventional generation and energy storage, the lab says.

    By • Sept. 28, 2023
  • A hand holding a phone that shows live data at the MapsPeople headquarters
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    Permission granted by MapsPeople
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    Q&A

    MapsPeople’s CEO talks about mapping the future of indoor spaces

    Morten Brøgger shares his vision for indoor mapping, the Point Inside acquisition and the elevation of user experience through smart building management.

    By • Sept. 26, 2023
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    Courtesy of Jacobs Solutions
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    Jacobs scores $25M Connecticut water project

    The work includes engineering services and support for improvements to the overall facility, sludge system, water quality lab and treatment process.

    By Sebastian Obando • Sept. 20, 2023
  • Fervo Energy's Project Red enhanced geothermal facility near Winnemucca, Nevada.
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    Permission granted by Fervo Energy
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    Google highlights emerging firm and peaking energy technologies’ role in driving carbon-free electricity

    Corporate clean-energy buyers can help commercialize these emerging technologies to reduce costs through repeated deployment, Google says.

    By Ethan Howland • Sept. 19, 2023
  • An engineer checking a maintenance pipe system for ventilation and air conditioning on the rooftop of a building.
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    EllisDon will incorporate Clockworks Analytics’ diagnostic platform into its operations

    The software will help building staff monitor and identify potential equipment failures and high-impact maintenance needs, the companies say.

    By • Sept. 18, 2023
  • Two facilities management workers inspect a building.
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    CBRE’s Smart FM Solutions implemented across more than 20K client sites

    The AI-powered software can reduce client maintenance costs and energy consumption by as much as 20%, the company says. 

    By • Updated Sept. 11, 2023
  • A view of fans and ducting for ventilation in a rooftop HVAC system.
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    Modine sells coatings facilities to Protecall amid push for growth

    The HVAC manufacturer said the sale aligns with its pursuit of strategic licensing agreements.

    By • Sept. 6, 2023
  • Front view of the facade of a test facility building bearing the Rolls-Royce logo.
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    Omer Messinger via Getty Images
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    Rolls-Royce Holdings names JLL as global facilities manager

    As part of a contract slated to begin in February, JLL will oversee operations across 44 sites in six countries.

    By • Sept. 5, 2023
  • Johnson Controls logo above a production plant in Hanover, Germany.
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    Sean Gallup via Getty Images
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    Q&A

    FM:Systems’ acquisition by Johnson Controls marries occupancy data with controls, former CEO says

    Kurt von Koch, who is now an executive at Johnson Controls, discusses the software’s office insights, the acquisition and the future of building management controls.

    By • Aug. 31, 2023
  • Close up image of a man studying a see-through computer monitor that’s displaying text provided by an chatbot.
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    Dottid rolls out AI assistant for Asset OS platform to integrate data insights into workflows

    The chat interface has a help desk to streamline data integration and ensure accuracy by providing user-specific portfolio information, the proptech firm says. 

    By • Aug. 30, 2023
  • Dollar Tree's corporate logo and signage is shown at the organization's corporate headquarters.
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    Nate Delesline III/Facilities Dive
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    Dollar Tree eyes distribution efficiency with temperature controls

    The technology is expected to improve operating performance and drive efficiency at its facilities, the retailer’s CEO said.

    By Kelly Stroh • Aug. 30, 2023
  • A medical team takes a patient into the isolation ward in the emergency department of a full-service acute hospital facility.
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    Lisa Maree Williams via Getty Images
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    Deep Dive

    Technology, sustainability and benchmarking are key to optimizing healthcare facility performance

    Focusing on efforts in those three areas can help managers meet demands for greater operational and cost efficiencies, healthcare facilities experts say. 

    By • Aug. 28, 2023
  • Close up of a smart electricity meter in the fuse box
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    Redaptive secures $125M from Deutsche Bank to boost efficiency offerings

    The energy-as-a-service firm aims to use the funds to accelerate its metering, HVAC, solar and other sustainability solutions.

    By • Aug. 25, 2023
  • A young lawyer works on a laptop in their home office
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    North American workers go into the office less often than others worldwide

    Even in companies with hybrid working policies, employers are seeing fewer employees in the office weekly.

    By Carolyn Crist • Aug. 22, 2023
  • A young boy looks at a laptop in a computer classroom.
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    Anna Moneymaker via Getty Images
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    Modine targets Midwest school facilities managers with TMS Johnson deal

    The HVAC manufacturers’ partnership is expected to strengthen Modine’s Airedale indoor air quality solutions for K-12 schools amid code updates and federal funding programs. 

    By • Aug. 18, 2023
  • A general view of the first Daybase hybrid work location in Westchester in Harrison, New York.
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    Eugene Gologursky via Getty Images
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    Return-to-office gains momentum, with U.S. desk reservations up 71%: Eptura

    Facilities managers face pressures to accommodate unpredictable workspace demand and varying occupancy rates for hybrid work amid data scarcity.

    By • Aug. 17, 2023
  • A pedestrian walks by a LinkedIn sign on an office building.
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    Justin Sullivan / Staff via Getty Images
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    LinkedIn launches AI tools to identify, connect to job candidates

    When an open position needs to be filled, these tools can be used to craft personalized messages to the most responsive job candidates.

    By Carolyn Crist • Aug. 16, 2023