CBRE Completes German AcquisitionMonday, March 3, 2014
CBRE Group Inc. on Monday said that it closed its acquisition of Valteq Gesellschaft, a German real estate consulting firm.
The Los Angeles real estate services giant said Berlin-based Valteq’s roughly 60 civil engineers, architects, economists, geologists and other professionals will be integrated into CBRE’s Building Consultancy group in Germany and around Europe. Terms of the deal were not disclosed.
Valteq specializes in technical and environmental due diligence for commercial real estate transactions. Many of its clients are real estate investors or are in the financial services industry.
Shares closed down 8 cents, or less than 1 percent, to $22.92 on the Nasdaq