CBRE Group, Inc. today announced that it has closed the acquisition of VALTEQ Gesellschaft mbH and its subsidiaries (“VALTEQ”).
VALTEQ is a leading technical real estate consulting firm in Germany, founded by Dr. Thomas Herr, Dr. Gabriele Lüft and Jürgen Scheins, and it specializes in technical and environmental due diligence for commercial real estate. It also provides technical asset management, project management facilities management and consulting services, and specializes in creating economically-feasible sustainability solutions. VALTEQ’s team of approximately 60 professionals will now be fully integrated with CBRE’s Building Consultancy group in Germany and across Europe.
Michael Strong, CBRE’s Executive Chairman of Europe, Middle East and Africa, said: “We are very pleased to have completed this acquisition and to welcome the VALTEQ team to CBRE. We are committed to providing our clients with the broadest range of property services possible, and the acquisition of a leading specialist such as VALTEQ certainly demonstrates this commitment.”
Peter Schreppel, Chief Executive of CBRE Germany, added: “We have known and worked with Thomas, Gabriele, Jürgen and their team for several years now. Their commitment to providing premier service and creating value for their clients is consistent with CBRE’s philosophy and approach to the market. We are delighted to welcome our new colleagues to our team in Germany.”
Dr. Thomas Herr, Chief Executive of VALTEQ, commented: “We are excited to be joining CBRE and its market-leading building consultancy and project management team of over 2,700 specialists worldwide. By joining our teams together, our clients now have access to one of the leading and most comprehensive Building Consultancy service offers not only in Germany, but across the globe.”
Source: FTI Consulting