JLL is set to buy property maintenance group Integral in a deal valued at $330m (£230m).
Originally established in 1863, Integral provides facility maintenance and electrical engineering services to property professionals.
The acquisition will reinforce JLL’s property maintenance across Europe, the Middle East and Africa and will establish an engineering centre in Bristol, to grow new talent.
Christian Ulbrich, president at JLL, said: “Having worked together extensively over many years, we know Integral will be a strategic fit to our growing integrated facilities management platform and a synergistic match to JLL’s commitment to client service and innovation.
“Integral’s 3,700-strong team and reach throughout the UK will substantially strengthen and expand the outsourcing offer we can provide to corporate clients and to investor clients of our property and asset management business.”
The deal is expected to close in August, subject to clearance from the European Commission, and is the latest in a series of acquisitions by JLL since 2015.
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