by Shane Henson — December 21, 2011—UGL Services, a major provider of facilities maintenance services to customers in a wide variety of markets, is positioning itself to become one of the world’s largest providers of end-to-end property services through its recent acquisition of DTZ, a global real estate services organization.
With its beginnings in the U.K. in 1784, DTZ is a leading real estate services company operating in 145 cities across 43 countries. DTZ’s business consists of six service lines: Occupational & Development Markets, Professional Services, Valuation, Investment Agency, Investment & Asset Management and Consulting & Research. DTZ reportedly holds a market-leading position in property services in Asia and maintains a top-five position in the U.K.
According to UGL’s leadership, the acquisition of DTZ broadens UGL’s property services offering and enhances its geographic footprint across Asia, the U.K., Europe, the Middle East and the Americas. The combination of UGL Services and DTZ will have annual revenues of $1.9 billion, making UGL one of the largest participants in the global property services sector.
Following the acquisition of DTZ, UGL will have combined annual revenues of $5.1 billion, approaching 53,000 personnel worldwide operating in around 240 offices in 43 countries, and one of the broadest vertically integrated property services offerings globally, UGL’s management says.
