Jones Lang LaSalle to acquire Integral UK in $330m deal
This move will make Jones Lang LaSalle one of the largest mobile engineering services providers for property worldwide.
Originally formed in 1863, Integral specialises in delivering facility maintenance services and complex mechanical and electrical engineering solutions to real estate owners, managers and occupiers.
With more than 1,600 clients across 60,000 locations, the company is known for providing a broad scope of high-quality mechanical and electrical property maintenance services including mobile engineering, fire and life safety, and critical environment management.
The acquisition has a total valuation of $330 million and is expected to close in August, subject to clearance from the European Commission.
It is the latest example of JLL's disciplined acquisition strategy which, since the start of 2015, has seen JLL announce or close 38 margin-accretive transactions with a combined value of approximately $1.2 billion. ■