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Here is today’s sustainable IT services news, research and analysis — written for technology partners, green IT service providers, CIOs, chief sustainability officers (CSOs) and climate accounting professionals.
1. Executive Leadership – Smart Buildings: Siemens has promoted Susanne Seitz to CEO of the Buildings Business Unit, which is part of the company’s Smart Infrastructure strategy. The Buildings Business Unit focuses on “reliable and cost-efficient building operations, decarbonization and energy efficiency.” Seitz previously was head of sales and marketing at Siemens Smart Infrastructure. Seitz moves to the new post amid a Siemens plan to spin off its EV charging business, which includes various managed services and cloud services for EV charging networks.
2. Generative AI and Paid Content: Microsoft will pay publishers for content used in its new Copilot Daily, the cloud software company disclosed in a blog. Key paid partners include Reuters, Axel Springer, Hearst Magazines, USA TODAY Network and Financial Times, and the company plans to “add more sources over time,” Microsoft said. Related: List of Generative AI lawsuits alleging copyright infringement.
1. For Sale: Johnson Controls International has started the process to potentially sell its ADT Alarms business, Bloomberg Reported. The target price is roughly $2 billion, the report said. Potential suitors may include Advent, Bain, CVC and Triton, according to Bloomberg. The overall Johnson Controls strategy calls for the company to sell off certain assets, seek a new CEO, and pursue smart building and sustainable data center opportunities. Johnson Controls has also continued to make acquisitions — which includes buying HVAC service provider Password Services Holdings in August 2024.
2. SPAC (Special Purpose Acquisition Company): A SPAC III Acquisition, a blank check company based in Hong Kong targeting ESG and material technology businesses, plans to raise $55 million in an initial public offering (IPO), Renaissance Capital reported. The SPAC will attempt to acquire “one or more businesses with a total enterprise value of between $100 million and $600 million,” the report said.
3. M&A – Smart Buildings: TPG Rise Climate and GIC are acquiring Techem Group for €6.7 billion (US$7.24 billion). Techem develops smart meters for residential homes, which help customers to monitor and manage their energy consumption. The sellers are Partners Group, CDPQ and Ontario Teachers’ Pension Plan.
4. Complete M&A List: Here’s our database of all M&A deals involving green IT and renewable energy buyers, sellers and investors.
1. United States – ESG Reality Check: The impact of a political backlash against ESG issues in the United States is overstated and having little bearing on the country’s burgeoning green economy, a JPMorgan executive said, according to Reuters.
2. China Investments: Chinese firms’ overseas investments in clean energy technology projects have exceeded $100 billion since the start of 2023 as they aim to avoid tariffs in the U.S. and elsewhere, Reuters reported, based on Australian research group Climate Energy Finance (CEF) findings.