Cleaning & Maintenance Management Online

UGL acquires DTZ Holdings

December 7, 2011

SYDNEY — UGL Limited has announced the successful completion of the acquisition of all of the trading operations of global real estate services company DTZ Holdings, according to a press release.

The acquisition of DTZ will transform UGL''s property services business into one of the world''s largest integrated end-to-end providers of property services, operating across all key geographic regions, the release stated.

According to the release, the acquisition of DTZ broadens UGL''s property services offering and enhances its geographic footprint across Asia, the U.K., Europe, Middle East and Americas.

"The global trend to outsourcing is continuing, and our clients are increasingly demanding an integrated end-to-end service offering that can be delivered by a single solutions provider across their entire global property portfolio. With a comprehensive property services offering and a total global workforce of nearly 40,000 personnel, this transaction will allow UGL to capitalize on this growth opportunity," said UGL''s Managing Director and Chief Executive Officer (CEO) Richard Leupen.

Click here to read the complete release.