Planon has acquired Bremen-based control.IT Unternehmensberatung GmbH, and subsidiaries easol GmbH and Synapplix GmbH as it strengthens its cloud-based real estate (RE) asset and portfolio management capabilities. control.IT has supported the real estate sector in Germany for more than 27 years, and has a user base across the DACH region and worldwide. Its SaaS products,…
acquisitions
ABB has reached an agreement to sell its Power Conversion division to AcBel Polytech Inc., for US $505 million in cash. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2023. ABB ‘s Power Conversion division, formerly Lineage Power, was acquired by the group as part…
MRI Software has completed the A$93.4 million acquisition of PropTech Group (PTG) announced in November 2022, following shareholder and regulatory approval for a Scheme Implementation Deed. Trading of PTG shares on the Australian Stock Exchange (ASX) was suspended at the close of business on 13 February 2023, with shareholders receiving A$0.60 for every PTG share…
Holcim has signed an agreement to acquire Duro-Last, a leader in commercial roofing systems within the United States, with pro forma net sales of USD 540 million. Duro-Last has a track record of double-digit growth in North America’s highly profitable USD >40 billion roofing market, driven by premium brands, proprietary technologies and custom-made solutions. Duro-Last’s…
Savills Investment Management (Savills IM) transacted more than €3.6 billion globally in private real estate equity transactions in 2022 including c. €3.1 billion in Europe and c. €540 million in Asia. Savills IM completed those 112 transactions across 14 countries in 2022, including around €2.1 billion of acquisitions and €1.5 billion of disposals, resulting in…
Delaware North has acquired the Best Western Premier Grand Canyon Squire Inn expanding its presence in the North American parks and lodging market.The 322-room hotel and resort is situated in Tusayan, Arizona, 7 miles from the South Rim entrance of Grand Canyon National Park, making it one of the closest lodging options to the park…
The proposed acquisition of Italian multinational food and beverage leader Autogrill S.p.A by Swiss global travel retail company Dufry AG has received unconditional approval from antitrust authorities around the world, paving the way for the establishment of a combined entity with 5,500 outlets at 1,200 airport and other locations in 75 countries. First announced in…
Marco Beverage Systems Limited has been acquired by global equipment supplier to the foodservice, beverage, baking and food processing sectors, The Middleby Corporation. Management, activities, and contacts for Marco remain unchanged with managing director, Paul Stack, continuing to support the existing team and consultant Drewry Pearson remaining in his role. Marco will benefit from access…
STRABAG PFS has acquired ADOMUS Facility-Management, an owner managed facility services provider with locations in Hamburg, Munich, Hanover, Cologne, Frankfurt and Düsseldorf. ADOMUS’ customer base of institutional investors and property owners attaches particular importance to self-delivery of services. “With the acquisition of ADOMUS, we are further expanding our client portfolio and growing in a strategically…
Property consultancy Rapleys LLC has welcomed the partners and staff of established London surveying firm Aston Rose into its business as it continues an expansion that began with the acquisition of planning practice CSJ in October. Aston Rose is a property advisory firm with a core focus on commercial surveying and building consultancy, two of…
SaaS building intelligence provider Infogrid has acquired Aquicore, a leading ESG data and analytics company that empowers real estate institutions to take the actions necessary to achieve net zero carbon. The announcement comes off the back of a period of high growth for Infogrid. In response to increasing demand from customers grappling with rising energy…
MRI Software has signed a binding Scheme Implementation Deed to acquire 100 per cent of the share capital of PropTech Group Limited which develops and sells real estate software, and is listed on the Australian Securities Exchange (ASX). The A$0.60 cash per share offer, equating to an implied equity value of approximately A$93.4 million on…
MRI Software has announced its acquisition of Johannesburg-based TPN Group, a registered credit bureau serving the residential, commercial and education markets in South Africa. TPN’s solution portfolio includes verification services for credit, employment, and criminal records, as well as legislation-compliant document packs, market reports, and toolkits. Founded in 2000, TPN serves more than 20,000 property…
MRI Software has acquired UK-based Springboard, a provider of footfall counting and artificial intelligence (AI)-powered analytics to retailers, landlords, and government bodies. The acquisition expands the [email protected]™ for Retail solutions suite, which currently serves more than 500 retailers and retail property owners and operators globally according to the company. Leveraging plug-and-play software, existing camera networks,…
International real estate investment manager Savills Investment Management (Savills IM) has acquired three logistics properties in France for a total €72 million on behalf of its European Logistics Fund 3 (ELF 3). The ELF 3 portfolio now comprises 15 properties in five countries. In Dijon, an inner-city cross dock facility to serve the last mile…
Compass Group UK & Ireland has expanded the range of services offered by its procurement business Foodbuy folowing the acquisition of Essex-based procurement and supply chain systems management company, Equinoxe Solutions. Both businesses strive to offer bespoke solutions by understanding individual customer needs and Equinoxe Solutions brings a wealth of sector experience, in particular in…
Savills Investment Management (“Savills IM”), the international real estate investment manager, has acquired Pitmore, the UK Development and build-to-rent (BTR) specialist, as a key part of plans to grow its UK residential and BTR platform. As one of the UK’s most experienced residential advisors, being involved in the sector since 2012, the senior partners of…
Emaar Properties has announced it will acquire Dubai Holding’s stake in its joint-venture Dubai Creek Harbour development with Dubai Holdings in a cash and shares deal that will make Sheikh Mohammed bin Rashid al-Maktoum’s personal investment portfolio the second largest shareholder in the Emirati developer in a deal worth AED 7.5 billion (USD 2.04 billion).…
Thomson Broadcast has completed its acquisition of wireless spectrum and over-the-air TV and radio content delivery solutions provider, and The Gores Group affiliate, GatesAir. “The acquisition of GatesAir is an excellent and significant step for Thomson Broadcast to further reinforce its worldwide leadership in the fast-evolving world of broadcast technology,” says Ylias Akbaraly, Chairman of…
Atalian Holding Development & Strategy (“AHDS”), the majority shareholder of La Financiere Atalian (“Atalian”), and the minority shareholders of Atalian, have received a binding and irrevocable offer from Clayton, Dubilier & Rice (“CD&R”), a global private investment firm, for the acquisition by CD&R of the entire share capital and voting rights of global facility services…
Half of all Securitas profits expected to be generated from higher-margin technology and solutions sales.
Viaplay Group AB has agreed to acquire sports streamer and TV channel operator Premier Sports, which holds UK rights to La Liga, Scottish Cup, Scottish League Cup and Coppa Italia football; United Rugby Championship, Rugby Football League and Top 14 rugby, NASCAR motorsport, and the Elite Ice Hockey League. The acquisition marks a significant acceleration…
Serco has announced the appointment of Tom Watson as Chief Executive Officer of its North American division which employs more than 9,000 people and delivers a wide range of services to the U.S. and Canadian governments. Watson succeeds Dave Dacquino, who will be retiring from his full-time executive role in September and will continue to…
MRI Software has entered into an agreement to acquire New Zealand PropTech developer and cloud relationship management, media and marketing management, and transaction management platform for real estate agencies, PropertySuite. PropertySuite is used by more than 4,000 residential, commercial, rural and project marketing real estate professionals across Australasia to consolidate disparate systems, reduce duplicative efforts,…
Atalian Servest has acquired multi-service provider Incentive FM Group in its first UK acquisition since the 2018 takeover of Servest Group by Atalian Global Services. Founded in 2002, Incentive FM has built an enviable reputation in FM service excellence and boasts an impressive client portfolio, with many long-standing and legacy relationships. The transaction will also…
FSI has begun trading as MRI Software following its August 2021 acquisition, with the Concept Evolution CAFM/IWMS platform also rebranded as ‘MRI Evolution’. “Integrating FSI with MRI Software strengthens both organisations’ ability to support FM teams across a range of industry sectors by delivering an enhanced, scalable technology platform to manage and maintain facilities effectively,”…
