CBRE to acquire Torghatten Land.

CBRE, a commercial real estate service and investment firm, agreed to acquire Torghatten Land, a bus division of Torghatten, a provider of shipping and transportation services. The acquisition of Torghatten Land is subject to customary closing conditions and regulatory approvals and is expected to close in Q4. Financial terms were not disclosed. "We are acquiring a leading bus operator with a strong performance track record in a market that demonstrates non-cyclical characteristics due to the critical need for public transport. Our continued investment into sustainable transport is also of significant importance to us as a business. With the fleet continuing to transition to electric within the next few years, we expect that we will be operating a transport business with a significantly reduced carbon footprint, which aligns with our ambitions to achieve carbon net zero performance by 2040," Andreas Köttering, CBRE Head of Europe Private Infrastructure.