CBRE Group, Inc., the world's largest commercial real estate services and investment firm (based on 2021 revenue), today announced a definitive agreement to acquire H2M Sverige AB, (H2M), a leading technical maintenance and property management services company in Sweden.
Founded in 2003 and headquartered in Stockholm, H2M has more than 180 employees in four locations across Sweden and self-delivers specialized technical maintenance services for properties across several sectors including, Transport, Public, Office, Shopping malls, Logistics, Healthcare and Residential.
On completion of the acquisition, H2M will operate as part of CBRE’s Global Workplace Solutions (GWS) business in Sweden and will significantly expand CBRE’s presence across Sweden, adding extensive technical capabilities such as Property maintenance, HVAC, Electrical, Energy efficiency solutions, Technical and Project Management.
“H2M is a highly regarded integrated service provider well-aligned with our values, culture and commitment to providing world-class technical services. This acquisition significantly enhances the reach of our service offering and self-delivery capabilities, putting us in a far stronger position to serve our client’s growing needs in the Swedish market”, said Stefan Carlsson, Country Manager, Sweden, CBRE GWS.
Mikael Lindström, founder and chairman of H2M, said: “We have seen an increased demand for comprehensive, fully integrated facilities management services from our customers, and believe we have found the right partner in CBRE. With our shared values and respective skills, expertise and platforms, we will deliver added value to our customers.”
This acquisition is expected to close in the coming months and is subject to regulatory approval.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Certain of the statements in this release regarding the planned acquisition of H2M Sverige AB that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, the ability to complete the acquisition of H2M Sverige AB and integrate it into CBRE’s existing Global Workplace Solutions business in Sweden and across Europe as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2021, and Form 10-Q for the quarter ended September 30, 2022. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at firstname.lastname@example.org.