18.06.2024 15:32:10 - dpa-AFX: CBRE Group Buys Direct Line Global

WASHINGTON (dpa-AFX) - CBRE Group, Inc. (CBRE), a real estate company, said
on Tuesday that it has acquired Direct Line Global, a provider of
mission-critical data center infrastructure for technology companies, from
private equity firm Guardian Capital.

The financial terms of the transaction were not disclosed. The Group expects the
acquisition to be immediately accretive to its core earnings-per-share.

Founded in 1997, Direct Line Global provides design, installation, maintenance
and management solutions for data center owners and operators, primarily in the
U.S.

Direct Line Global will operate as part of CBRE's Data Centers Solutions
business within the Global Workplace Solutions business segment.

The global market for data center support services is estimated to be around $30
billion and is expected to grow at 16% per year through 2028.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CBRE GROUP INC. A DL-,01 A1JLYH Frankfurt 82,000 01.07.24 08:22:33 ±0,000 ±0,00% 0,000 0,000 82,000 82,000

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