CBRE Group announces acquisition of Direct Line Global from Guardian Capital

CBRE Group announced the acquisition of Direct Line Global from Guardian Capital, a private equity firm. The acquisition is expected to be immediately accretive to CBRE‘s core earnings-per-share. “This acquisition fits squarely with our strategy of enhancing our capabilities in asset classes that benefit from secular tailwinds – in this case, the increasing digitization of the global economy,” said Vikram Kohli, chief operating officer of CBRE. “Direct Line Global perfectly complements our existing data center management capabilities and provides us with best-in-class technical capabilities that differentiate our service offering.”