This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

CBRE increases its technical services provision in latest acquisition

18 December 2017

CBRE has announced that it has acquired Italian technical engineering services provider Geico Lender for an undisclosed sum.

It will be incorporated into its new owner's Global Workplace Solutions (GWS) business in Italy, said the official statement.

Employing more than 300 people operating from six locations around Italy, the acquisition will provide "extensive specialist technical services capabilities".

It provides a range of services including maintenance and installation of HVAC equipment, building automation and other systems for financial institutions and private sector companies.

CBRE GWS EMEA chief executive officer Ian Entwisle said the acquisition "provides a strong platform from which to continue to build our facilities management capabilities in Italy and across Europe as a vital part of integrated occupier services for our clients".

He further referred to the growing trend to outsource technical services in Italy, placing CBRE "in an even stronger position to deliver exceptional outcomes for our clients".

Geico Lender founder and chief executive officer Clemente Cilli said the CBRE global reach and wide-ranging occupier service offering was a critical factor  "which will enable us to deliver more advantages to our clients".

The Geico Lender deal is the third major FM acquisition conducted by CBRE in the last five years, following the purchase of Norland Managed Services in December 2013 and Johnson Controls Incorporated in September 2015.


Print this page | E-mail this page

http://www.fsifm.com
PFM


MOST VIEWED...

View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Blue sky thinking recommended to drive Clean Air Day message

Today is Clean Air Day, highlighting the issues faced around the UK caused by poor air quality and the impacts this has on health and wellbeing....
Article image

EXCLUSIVE Inside Canon UK's environment-friendly building in Reigate

At Canon UK sustainability and FM are inextricably linked. PFM visited the Woodhatch site in Reigate to report on the effectiveness of this approach....
Article image

New law guarantees payment for exporting electricity

Facilities of all types with renewable energy installations of up to 5MW will be paid for electricity exported to the grid following the introduction of a ...
Article image

Death of former PFM editor announced

PFM regrets to announce the death of former editor Richard Byatt, who is known by many in the FM sector following ...
Article image

Helping children stay safe and free from abuse

One in 20 UK children have been sexually abuse and around one in eight young people have been bullied on social media....