JLL buys Integral in $330m deal
Published: 08 June, 2016
JLL to acquire UK-based property maintenance leader Integral
JLL will become one of the largest providers of mobile engineering services in the world after reaching agreement to buy Integral UK, the UK's leading provider of mechanical and electrical property maintenance.
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 will strengthen JLL's ability to self-perform property maintenance for clients across Europe, Middle East and Africa, adding to the more than 4bn sq ft of property currently serviced globally. It also will add to the company's already strong base of transactional services and establishes an engineering centre of excellence in Bristol, which will help grow and develop existing and new talent.
JLL president Christian Ulbrich said: "Having worked together extensively over many years, we know that 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 & asset management business."