Los Angeles, March 3, 2014 – CBRE Group, Inc. (NYSE: CBG) 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.”
VALTEQ is a technical and economic consulting firm serving companies in the financial, real estate, design and construction industries. VALTEQ employs a team of approximately 60 civil engineers, architects, economists, geologists and service technicians, many of whom also have additional real estate-related qualifications.
VALTEQ’s service offering focuses on the review, management and provision of advisory services for companies and projects. Finding sustainable and economically-feasible technical solutions is at the core of its activity. Its services portfolio includes technical and environmental due diligence, environmental compliance, “green building” certification, project management and monitoring and technical asset management, as well as advisory services in the fields of facilities management, project development, energy and contracting, corporate real estate, public-private partnerships and sustainability.
VALTEQ has offices in Berlin, Stuttgart, Frankfurt, Munich and Nuremberg.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Certain of the statements in this release regarding the acquisition of VALTEQ that do not concern purely historical data are forward-looking statements within the meaning of the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the ability of the parties to successfully integrate the VALTEQ operations with CBRE’s existing building consulting service in Germany and across EMEA, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE’s business in general, please refer to the Company’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013. Such filings are available publicly and may be obtained off the Company's website at www.cbre.com or upon request from the CBRE Investor Relations Department at email@example.com.