Jll Acquires Envio Systems To Accelerate Smart And Sustainable Building Capabilities

Jul 26, 2022•about 3 years ago

Acquiring Company

JLL

Acquired Company

Envio Systems

ChicagoReal Estate

Description

JLL (NYSE: JLL) announced today the acquisition of Envio Systems (Envio), a Berlin-based technology company that delivers more efficient and sustainable building operations by intelligently integrating data from building systems and providing predictive analytics and building automation.

Company Information

Company

JLL

Location

Chicago, Illinois, United States

About

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed