Azbil Wins Frost & Sullivan's 2024 Southeast Asia Company of the Year Award
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Recognized for Advancing Growth Strategy & Technological Innovation
TOKYO, JAPAN -
Media OutReach Newswire
- 21 January 2025 - Azbil Corporation (Tokyo Stock Exchange Code: 6845)
announced that it has won Frost & Sullivan's 2024 Best Practices
Company of the Year Award in the Southeast Asia smart building solutions
industry, marking its third consecutive year of recognition. Frost
& Sullivan's Company of the Year Award, its top honor, recognizes
Azbil for exemplifying visionary innovation, market-leading performance,
and exceptional customer care. This accolade is based on an independent
evaluation of two key criteria types: Visionary Innovation &
Performance and Customer Impact. Azbil excels in many of the criteria in
the smart building solutions space.
Frost & Sullivan, a global growth strategy consulting firm, presents
Azbil with this award for demonstrating excellence in growth strategy
and implementation. The award recognizes a high degree of innovation
with products and technologies, and the company's resulting leadership
in customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in
various regional and global markets for demonstrating outstanding
achievement and superior performance in leadership, technological
innovation, customer service, and strategic product development.
Industry analysts compare market participants and measure performance
through in-depth interviews, analyses, and extensive secondary research
to identify best practices in the industry.
Previously, Azbil received these awards from Frost & Sullivan:
2022 and 2023 Southeast Asia Company of the Year Award, Smart Buildings Solutions
2020 and 2021 Southeast Asia Customer Value Leadership Award, Building Automation Systems
Azbil was commended for its commitment to exceeding customer
expectations, solidifying its leadership in enhancing building safety,
comfort, and energy optimization through advanced automation technology.
The company's expansion strategy is focused on three growth fields —new
automation, environment and energy, and life cycle solutions—which
enables it to address global challenges and create long-term value.
Azbil's innovative use of AI, IoT, and cloud systems in smart building
solutions, coupled with its strong focus on R&D and strategic
collaborations, continues to drive innovation.
"Azbil's success as a pioneer in the smart building solutions industry
stems from its ability to adapt to global challenges, leverage its deep
expertise in automation, and focus on delivering innovative and
comprehensive solutions. By continuously evolving its business model and
addressing the needs of a changing world, Azbil remains at the
forefront of the industry," said Mr. Anirudh Bhaskaran, Industry
Principal, Energy & Environment, Frost & Sullivan.
"We are honored to receive the esteemed award from Frost & Sullivan.
This achievement is a testament to Azbil's commitment to addressing
evolving challenges and opportunities with visionary strategies, smart
building automation technologies, and industry-leading best practices to
deliver excellence across the value chain. We share this achievement
with our employees, customers, and partners, whose collective efforts
drive our success. Moving forward, we remain steadfast in advancing
industry growth and strengthening our position as a global top value
creator for innovative, human-centered solutions," said Mr. Kazuyasu
Hamada, Managing Corporate Executive and President of Building Systems
Company, Azbil Corporation.
Guided by the Group philosophy of "human-centered automation," Azbil
continues to provide products and solutions that contribute "in series"
to creating a sustainable society.
Hashtag: #azbil
About Azbil Corporation
Azbil Corporation
formerly known as Yamatake Corporation, is a leading company in
building and industrial automation, using its measurement and control
technologies to provide customers with high value-added solutions to
make their operations more efficient and sustainable. Founded in 1906,
Azbil serves customers across the globe in a broad range of industries
and aims to contribute to people's safety, comfort, and fulfilment, and
global environmental preservation. At the end of March 2024, Azbil
employed about 10,000 people worldwide and generated ¥290.9 billion in
revenue.
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