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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Mon., Feb. 17, 5:20 PM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #30. CBRE Group, Inc. Norland Managed Services Ltd

Acquirer: CBRE Group, Inc. (CBG)
Acquiree: Norland Managed Services Ltd
Details: CBRE Group, Inc. announced that it has entered into a definitive agreement to acquire Norland Managed Services Ltd (Norland), a leading provider of commercial building technical engineering services in the United Kingdom (UK) and Ireland, for 250 million (approximately $400 million) plus up to 50 million (approximately $80 million) of deferred contingent consideration as well as a payment for excess working capital and related items. The purchase price is payable in cash, except for 5.6 million (approximately $9 million) that is payable in CBRE common stock to Norland senior management. The acquisition will add market-leading capabilities for CBRE to self-perform building technical engineering services in its UK and European Global Corporate Services (GCS) business, providing its client base with fully-integrated outsourcing services in the region.

CBRE Group is a holding company. Through its subsidiaries, Co. is a commercial real estate services and investment firm. Co. has five segments: The Americas, which consists of operations located in the U.S., Canada and Latin America, Europe, Middle East and Africa, which mainly consists of operations in Europe; Asia Pacific, which includes operations in Asia, Australia and New Zealand; Global Investment Management business, which consists of investment management operations in North America, Europe and Asia Pacific; and Development Services business, which consists of real estate development and investment activities primarily in the U.S.

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Company Name: 
CBRE Group Inc
Stock buyback: 
CBG buyback
Website: 
www.cbre.com
Sector: 
Real Estate
 

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