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JLL buys Integral UK for $330m

JLL-logoJLL has reached a definitive agreement to acquire mechanical and electrical property maintenance business, Integral UK Ltd.

Building on JLL’s global integrated facilities management business, the move will see the company become one of the largest providers of mobile engineering services worldwide.

Integral boasts more than 1,600 clients across 60,000 locations, providing a broad scope of  mechanical and electrical property maintenance services including mobile engineering, fire and life safety, and critical environment management to real estate owners, managers and occupiers.

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 four billion square feet of property currently serviced globally.

It also will add to the company’s strong base of transactional services and establishes an engineering centre of excellence in Bristol, to help grow and develop both existing and new talent.

Commenting on the acquisition, Christian Ulbrich, president, JLL, 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.”

Bryan Glastonbury, managing director of Integral, added:

“What’s exciting is the future that we can shape together for our clients and staff. By aligning our mechanical and engineering capability with JLL’s deep expertise and global platform, we are building economies of scale and superior solutions for our combined client base.”

The acquisition has a total valuation of $330 million and is expected to close in August, subject to clearance from the European Commission.

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