TClarke breaks into smart building control market

Aaron Morby 4 years ago
Share

Building services specialist TClarke has struck a deal taking it into the smart building control market as momentum builds to achieve net-zero carbon emissions by 2050 in the UK.

The firm today revealed it has struck a five-year deal with intelligent building specialists Gooee to sell, install and maintain its smart building products.

As part of this agreement, TClarke has made a small but strategic investment in the global firm.

The technology unites all siloed building control and management systems into one single screen control panel.

The new deal was revealed as TClarke reported that results were on track for last year with it achieving a 3% operating margin on revenue just ahead of last year at £335m.

The firm also said it had now secured four major London schemes, taking the forward order book to over £400m, with 76% of targeted revenue secured for 2020.

Mark Lawrence, TClarke CEO, said the deal with Gooee allowed the firm to become an intelligent FM provider and would further enhance its recurring revenue stream.

TClarke will also boost revenues from the sale and installation of the products and a share of ongoing recurring revenue streams from subscription services as well as supporting and adding value to all of its existing markets.

He said: “We are excited about the very significant potential of the Gooee technology.

“Gooee allows building owners to significantly reduce their carbon footprint, it is ready to scale in the UK and other markets.

“We look forward to working together with the Gooee team to transform building performance.”

The Government’s Committee on Climate Change has said that if the UK’s target to achieve net-zero carbon emissions by 2050 is to be achieved all new buildings will need to be net-zero carbon within a decade.

In support of this, a new initiative by the Better Buildings Partnership has seen 23 of the UK’s major commercial property owners sign up to a commitment to tackle the growing risks of climate change through the delivery of net-zero carbon real estate portfolios.

Lawrence said that Gooee’s revolutionary PropTech platform was ideally positioned to assist building owners in meeting these challenges.

Latest news

Four men rushed to hospital after site accident

Eye-witnesses report a wall was knocked over on Edinburgh site
6 mins ago

Construction bond bombshell as major player quits market

QBE currently provides cover for 20 of the industry's 30 biggest contractors
15 hours ago

Balfour seals £192m deal for trio of Scottish substations

Work to start this summer to enhance electrical transmission in Argyll
14 hours ago

United Utilities names another 18 winners for £2.7bn water spend

Water giant cuts out large management contractors in latest spending round
1 day ago

Green light for £130m Dundee Eden project

Former gasholder site to be transformed into green house
15 hours ago

Four tower scheme in Glasgow gets green light

Go-ahead for major mixed-use scheme at Central Quay
15 hours ago

‘Green collar’ construction workers earning £134,000

Cost consultant T&T says insulation and heat pump trades earning £70 an hour in London
15 hours ago

£65m Trafford Waters resi blocks approved

X1 Developments plans over 200 homes in 13- and 8-storey blocks
15 hours ago

Over 100 firms win £1.5bn ICN housing framework

Great Places Housing Group names key partners for new homes programme
2 days ago

Steelwork firm went down owing £4.5m to suppliers

Subcontractors left holding unpaid invoices from SH Structures
2 days ago

Scottish civils firm to buy stake in piling specialist

Advance Construction in talks for 25% stake in Northern Piling Ltd
2 days ago

RSK secures £500m for fresh acquisitions spree

Acquisitive group aims to buy another 200 businesses by 2030
2 days ago

Beal Homes gets green light for £105m Humber scheme

Work to start on more than 500 homes in North East Lincolnshire
2 days ago

RED wins £20m East London office refurb

Grade II listed Victorian building to be upgraded to Cat A offices
2 days ago

Employee-owned Neilcott staff share £250,000 payout

Employee-owned building contractor sales jump 38% to £139m
3 days ago

Geoffrey Osborne supply chain hit for £26m

More than 500 suppliers and subcontractors left holding unpaid bills
5 days ago

Race for £800m South West Wales framework

Up to 16 firms face fight to renew spots on regional contractors framework
3 days ago

SME contractors agree 4% pay rise for site workers

Workers will also get an extra day of holiday
5 days ago

South East expansion paying off for Meldrum Group

Turnover up to £55m as North East based contractor expands national coverage
3 days ago

Wates boosts paternity leave to 12 weeks

Latest leave benefits apply from first day of working for contractor
3 days ago

Taylor Wimpey chief honoured with CBE

Jennie Daly recognised in King's Birthday honours
4 days ago

Labour to mothball £320m A27 job to fix potholes

Manifesto confirms Arundel Bypass canned as "poor value for money"
6 days ago

Lendlease’s £1.9bn Smithfield Birmingham scheme approved

Initial work to start later this year despite questions over Lendlease's degree of involvement
6 days ago

Crest Nicholson rejects £650m Bellway bid

Second Bellway approach rebuffed
6 days ago

Hill submits £800m East London estate rebuild plan

Over 1,900 homes to be built in five phase at Teviot Estate in Poplar
6 days ago

Plan approved for 8,500-seat Edinburgh indoor arena

Construction expected to start next year once a contractor is appointed
6 days ago

Statom starts on £25m Bristol Airport precast car park

Major work package on transport upgrade being overseen by Griffiths Farrans JV
6 days ago

Build problems plunge Crest Nicholson to a £31m loss

House builder unearths more defects on completed sites
7 days ago

Rebooted Amey lifts contract win rate to 1 in 3 bids

Amey chief says firm exceeded expectations in first year under new owners
7 days ago

BAM Nuttall fined £2.3m after worker drowned

Court hears how series of safety failures led to tragedy
1 week ago

Contractor services