{"id":709409,"date":"2022-11-09T17:41:01","date_gmt":"2022-11-09T22:41:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbre-enhances-integrated-laboratory-solutions-capabilities-with-acquisition-of-full-spectrum-group\/"},"modified":"2022-11-09T17:41:01","modified_gmt":"2022-11-09T22:41:01","slug":"cbre-enhances-integrated-laboratory-solutions-capabilities-with-acquisition-of-full-spectrum-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbre-enhances-integrated-laboratory-solutions-capabilities-with-acquisition-of-full-spectrum-group\/","title":{"rendered":"CBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group"},"content":{"rendered":"

<\/p>\n

CBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group<\/b><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nCBRE Group (NYSE:CBRE) today announced it has acquired Full Spectrum Group, a leading provider of expert technical support services for high-end laboratory systems in the U.S., from private equity firm Pfingsten Partners, for a total consideration of $110 million.\n<\/p>\n

\nThis acquisition gives CBRE a new and enhanced technical capability that complements its existing global Integrated Laboratory Solutions capabilities for occupier clients in the fast-growing research and laboratory equipment sector. Specifically, CBRE will now be able to self-deliver highly specialized maintenance and repair services for handling some of the most critical laboratory assets, including high-end liquid and gas chromatography, mass spectroscopy and thermal equipment.\n<\/p>\n

\nHeadquartered in Laguna Hills, California, Full Spectrum Group has more than 150 employees, including more than 100 engineers, in 20 locations throughout the U.S., and serves clients with full range of service contracts, preventative maintenance programs, calibration and validation, repair services, parts and reconditioned instruments. Full Spectrum Group will be fully integrated into CBRE\u2019s Global Workplace Solutions (GWS) Integrated Laboratory Solutions business.\n<\/p>\n

\n\u201cFull Spectrum\u2019s highly specialized capabilities and coverage in the key U.S. life sciences hubs further differentiates our Integrated Laboratory Solutions and positions CBRE to self-deliver an impressive range of scientific laboratory maintenance and repair services,\u201d said John Dunstan, CEO, GWS | Enterprise at CBRE. \u201cThis acquisition is consistent with our strategy to deliver reliable, sustainable, operationally excellent and cost-efficient technical service offerings executed by the best talent, across our clients\u2019 facilities.\u201d\n<\/p>\n

\n\u201cWe look forward to the combined expertise and opportunities that joining CBRE will bring to our respective clients and talented teams,\u201d said Bob McLeese, President and CEO of Full Spectrum Group. \u201cThe strength of CBRE\u2019s global platform for integrated laboratory solutions and their commitment to technical excellence means our clients can continue to expect the highest level of advanced technical support, unmatched response times and personal service delivered by our highly-trained team, allowing their lab managers to deliver reliable scientific results on time.\u201d\n<\/p>\n

About CBRE Group, Inc.<\/span><\/p>\n

\nCBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world\u2019s 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<\/a>. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https:\/\/ir.cbre.com<\/a>. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.\n<\/p>\n

Forward-Looking Statements<\/span><\/p>\n

\nCertain of the statements in this release regarding acquisition of Full Spectrum Group that do not concern purely historical data are forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management\u2019s 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 integrate Full Spectrum Group into CBRE\u2019s facilities management platform for life sciences companies 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<\/a> or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20221109006037\/en\/<\/a><\/span><\/p>\n

Jeff DeGraff \u2013 Media
\n<\/b>
+1 281 705 0173
\n<\/b>
Jeff.Degraff@cbre.com<\/a><\/b><\/p>\n

Brad Burke \u2013 Investors
\n
+1 214 863 3100
\n<\/b>
Brad.Burke@cbre.com<\/a><\/b><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Science Research<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

CBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group DALLAS–(BUSINESS WIRE)– CBRE Group (NYSE:CBRE) today announced it has acquired Full Spectrum Group, a leading provider of expert technical support services for high-end laboratory systems in the U.S., from private equity firm Pfingsten Partners, for a total consideration of $110 million. This acquisition gives CBRE a new and enhanced technical capability that complements its existing global Integrated Laboratory Solutions capabilities for occupier clients in the fast-growing research and laboratory equipment sector. Specifically, CBRE will now be able to self-deliver highly specialized maintenance and repair services for handling some of the most critical laboratory assets, including high-end liquid and gas chromatography, mass spectroscopy and thermal equipment. Headquartered in Laguna … <\/p>\n

Continue reading “CBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-709409","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbre-enhances-integrated-laboratory-solutions-capabilities-with-acquisition-of-full-spectrum-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CBRE Enhances Integrated Laboratory Solutions Capabilities with Acquisition of Full Spectrum Group DALLAS–(BUSINESS WIRE)– CBRE Group (NYSE:CBRE) today announced it has acquired Full Spectrum Group, a leading provider of expert technical support services for high-end laboratory systems in the U.S., from private equity firm Pfingsten Partners, for a total consideration of $110 million. This acquisition gives CBRE a new and enhanced technical capability that complements its existing global Integrated Laboratory Solutions capabilities for occupier clients in the fast-growing research and laboratory equipment sector. Specifically, CBRE will now be able to self-deliver highly specialized maintenance and repair services for handling some of the most critical laboratory assets, including high-end liquid and gas chromatography, mass spectroscopy and thermal equipment. 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