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Announced

CBRE completed the acquisition of Direct Line Global from Guardian Capital.

Synopsis

CBRE Group, a commercial real estate services and investment firm, completed the acquisition of Direct Line Global, a provider of installation, maintenance and management solutions for data centers, from Guardian Capital, a private equity firm. Financial terms were not disclosed. “This acquisition fits squarely with our strategy of enhancing our capabilities in asset classes that benefit from secular tailwinds – in this case, the increasing digitization of the global economy. Direct Line Global perfectly complements our existing data center management capabilities and provides us with best-in-class technical capabilities that differentiate our service offering," Vikram Kohli, CBRE COO.

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