LMC reposted this
Trane Technologies to acquire BrainBox AI. Now this IS an interesting acquisition. Why? Four reasons. Innovation. I recently posted (link in comments) about people's perceptions of the big incumbents not changing and not adept in change or innovation. This is a big signal of otherwise. Product. Brainbox has a product people like, and the strategic acquisition of ABB's multi-site retail business enhances its alignment with Trane. Brainbox has a product which is marketed and used with sustainability at heart. Over the last few years, Trane has also been making progress in moving in this direction. Smart. Market Expansion. Brainbox AI can't get there on its own, nor can 99% of start-ups. Hence, why you see so many partnerships in the smart buildings space. This acquisition allows Trane to tap into BrainBox AI's customer base and expertise, particularly across various real estate verticals. Vice versa. Trane has the legacy product(s) & relationships. Brainbox AI has the 'innovation' or the 'new kid on the block technology'. With this M&A, it now positions Trane to appeal to customers looking for true 'smart buildings'. Customer value. The acquisition adds immediate value for Trane’s customers. A turnkey AI solution that requires minimal disruption during deployment. And it can be deployed across most, if not all, verticals Trane already operates. That's my thoughts. What's yours? Finally - congrats to Sam Ramadori and team! (Thanks for sharing with me Todd Brinegar) #smartbuildings #buildingautomation