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Facilities Dive provides in-depth journalism and insight into the most impactful news and trends shaping facilities management. Facilities Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 13+ million decision-makers in the most competitive industries.
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The data center boom has sparked service firms like CBRE and JLL to bolster their technical support capabilities through M&A, while HVAC and system controls providers like Johnson Controls and Trane Technologies rake in profits from colocation and hyperscale customers.
Data center boom sparks acquisitions, surging revenue for system, service providers
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Johnson Controls rode a double-digit organic bump in fourth quarter sales to increase its full year sales 4% organically year over year. The company's backlog in North America building solutions grew 10% in the past year to reach $9.1 billion, with strong growth in applied HVAC, building automation systems and controls, led by the data center vertical.
Johnson Controls reports +20% growth in applied HVAC and controls
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Schneider Electric made the surprise move Monday to replace CEO Peter Herweck with Olivier Blum, EVP of Energy Management, effective immediately. The decision to remove Herweck after just 18 months comes as a surprise, given the company's strong financial performance, analysts at J.P. Morgan and Jefferies said in client notes.
Schneider Electric replaces CEO Peter Herweck amid strategic ‘execution’ issues
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Schneider Electric's North America Q3 revenue organically grew 15.1% year over year, to about $3.8 billion, on the back of organic 18.3% year-over-year growth in energy management, it says.
Schneider Electric’s North America growth drives Q3 revenue, led by energy management
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Indoor air quality and energy efficiency targets can both be obtained in buildings, but operators must be intentional about design, planning and verification of buildings systems, experts at ASHRAE. U.S. Green Building Council and International WELL Building Institute said during a National Institute of Building Sciences webinar.
Air quality, energy efficiency can coexist, but require intentional decision-making
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Federal Aviation Administration has allocated close to a billion dollars to modernize aging terminals, ground transportation and energy assets at U.S. airports, which face an estimated $151 billion in infrastructure needs through 2027.
FAA awards nearly $1B for modernization efforts in 100+ airports
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CBRE sees a surge in facilities management and leasing revenue in Q3, with return-to-office efforts prompting increasing activity in both prime and subprime office leasing.
CBRE facilities management, leasing revenue surge in Q3
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Despite billions in lost annual rent across the U.S. due to record vacancy rates, residential conversion face challenges that call into question their potential role in balancing excess office supply and a lack of housing.
Vacant office space is costing US cities billions in annual rental losses: report
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In an effort to bolster its talent pipeline and boost technician training nationwide, Johnson Controls is leveraging community college partnerships and expanding its relationship with Lincoln Tech to offer accelerated training bootcamps.
Through education partnerships, Johnson Controls looks to get its ‘fair share’ of technical talent
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