Jll Announces Strategic Acquisition Of Leading Building Operations Technology Company Building Engines
Acquiring Company
JLL
Acquired Company
Building Engines, Inc.
ChicagoWalthamOtherFinancial ServicesSoftwareData And AnalyticsReal EstateConsultingProperty ManagementCommercial Real EstateInformation TechnologySoftwareReal EstateDescription
JLL (NYSE: JLL) today announced it reached an agreement to acquire Boston-based Building Engines, a market-leading building operations platform that transforms how properties are run, provides exceptional experiences for operators and tenants and improves net operating income (NOI) across the world's most successful commercial real estate (CRE) portfolios. JLL will acquire Building Engines for a cash purchase price of approximately $300 million. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions, including regulatory review.
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Frequently asked
Who acquired Building Engines, Inc.?
Building Engines, Inc. was acquired by JLL, based in Chicago. The deal was reported on October 21, 2021. JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL is privately held and operates in Other.
When did JLL acquire Building Engines, Inc.?
JLL's acquisition of Building Engines, Inc. was reported on October 21, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Building Engines, Inc. do?
Building Engines improves net operating income across the world's most successful commercial real estate (CRE) portfolios. It is privately held, operating in Information Technology, and is based in Waltham.
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