Trebellar Raises $18M Series A Led by Blossom Capital

Acuity Brands told investors on its latest earnings call that it is actively pursuing acquisitions for its Intelligent Spaces segment, highlighting a sizeable pipeline of potential targets it described as focused on high quality businesses. Management framed these potential deals as a way to accelerate the growth of Intelligent Spaces and reshape the company's long term business mix. The push builds on earlier moves such as QSC and the board's addition of a ServiceNow executive focused on AI and digital transformation. Acuity operates in the electrical industry, supplying lighting, controls, building management systems, and an audio, video, and control platform used in smarter offices, warehouses, and public spaces. Analysts have flagged integration work as a risk, and the company's ability to keep funding Intelligent Spaces acquisitions at the same intensity could be tested if tariffs or a weaker ABL segment constrain cash generation.

MASTEC Link Public Company Limited, or MASTEC, disclosed that it has established a new subsidiary to strengthen its capacity to bid for projects and form joint ventures with both public and private partners. Chief Executive Officer Dusadee Meechai said third-quarter 2026 results and the remainder of the year will grow significantly better than the first half, in line with the business's high season. The company currently has work in hand of approximately 400 to 500 million baht and targets a year-end 2026 backlog of 500 to 600 million baht under its JUMP+ plan, which aims for 2026 revenue of 1.338 billion baht and profit of 100 million baht. The company is preparing to join bids for power purchase agreements, or PPAs, in community solar projects with a combined capacity of no more than 1,500 megawatts, alongside partners in roughly four to five projects, and has already registered as an installer of public solar systems with the electricity authority. The program expands eligibility to cover 1.5 million households, with installation subsidies of 50,000 baht per rooftop. The company is also pressing ahead with expanding its data center business and building a global strategic partnership with Honeywell of the United States to develop Integrated Building and Infrastructure Solutions covering customers in office buildings, industrial plants, hospitals, hotels, data centers, and large real estate projects.

Ittirit Nice Corporation Public Company Limited, or ITTHI, has unveiled its three-year JUMP+ Plan to boost corporate value over 2026–2028, targeting net profit of 200 million baht by 2028, more than a sevenfold increase from net profit of 28.18 million baht in 2025. The company aims for revenue growth of 40% in 2026, rising to 45% in 2027 and 50% in 2028, while EBIT margin is targeted to rise from 5.36% in 2025 to 20%, 22%, and 24% respectively. Its core strategy focuses on capturing government project work and building partnerships with real estate developer groups, while expanding into specialised project work for hospitals, educational institutions, hotels, and the industrial sector. For 2026, the company aims to generate revenue from innovative lighting products, solar power systems, smart home technology, smart streetlights, and electric vehicle charging infrastructure, before developing a central platform under the name Smart Lighting Mall in 2028 to bring together a complete product portfolio. It also targets raising the share of electric vehicles in its corporate transport fleet to 50% in 2026 and 100% in 2027.

Trane, a brand of Trane Technologies, announced a new multi-year agreement with Kroenke Sports & Entertainment under which Trane will serve as a Climate Innovation partner and KSE's official HVAC and thermal management partner. The deal marks KSE's first cross-property agreement with a technology provider, building on prior work together at venues including SoFi Stadium, YouTube Theater, Hollywood Park in Los Angeles and Ball Arena in Denver. Under the partnership, Trane's energy-efficient climate systems will help KSE modernize infrastructure through ultra-low-emission heating and cooling paired with intelligent digital services aimed at reducing energy use and emissions in real time. Holly Paeper, President of Commercial HVAC Americas at Trane Technologies, said the agreement reflects joint innovation on building performance and sustainability in complex environments, while Mike Neary, Executive Vice President of Business Operations and Real Estate at KSE, called it a first-of-its-kind cross-property agreement. The partnership supports Trane Technologies' Gigaton Challenge to reduce one billion metric tons of customer carbon emissions by 2030; in 2025 the company reported a 59% reduction in operational greenhouse gas emissions since 2019 and 44% recycled content across its primary product materials.

Siemens has released the Siemens Infrastructure Transition Monitor 2025, an in-depth edition focused on buildings, titled Inside Smarter Buildings, which surveyed the views of 1,400 executives from leading organizations across a wide range of industries worldwide. The findings show that energy efficiency in buildings has jumped from seventh place in 2023 to first place in 2025, amid persistent cost concerns that remain a major obstacle. The report states that more than half of organizations plan to increase investment in energy efficiency, 57%, smart building technology, 55%, and the shift to electrification, 54%. Meanwhile, as many as 60% of executives in the commercial real estate sector consider decarbonization too costly, higher than the overall average across all sectors of 49%, and only 33% of executives in the real estate sector say their organizations have sufficient access to funding for decarbonization, below the overall average of 47%. On retrofitting existing buildings, the current global rate remains below 1% per year, far from the more than 2% per year that the International Energy Agency's Net Zero by 2050 plan says is necessary. The Energy-as-a-Service model is becoming a solution that helps convert large capital budgets, or CapEx, into usage-based expenses, or OpEx. Digitalization also remains a key mechanism, with more than half of respondents believing digital tools have high potential to reduce costs, 56%, and cut greenhouse gas emissions, 53%, while 54% say their organizations are ready to adopt automation systems in buildings.