08:29:37 EDT Fri 29 Mar 2024
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or Name
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Colliers International Group Inc
Symbol CIGI
Shares Issued 38,038,242
Close 2019-04-25 C$ 93.47
Market Cap C$ 3,555,434,480
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Colliers Int'l Group acquires Swedish affiliate

2019-04-25 08:39 ET - News Release

Mr. John Friedrichsen reports

COLLIERS INTERNATIONAL ACQUIRES AFFILIATE IN SWEDEN

Colliers International Group Inc. has acquired Colliers International Sweden, adding another company-owned operation in the key Nordics market to further strengthen its strong European platform. Colliers Sweden operates from offices in Stockholm and Goteborg and provides capital markets, leasing, corporate solutions and real estate management services to local, national and international clients.

"Sweden is a major market in Europe representing an attractive growth opportunity for Colliers. We have had a successful affiliate relationship for many years and now we will dedicate our efforts to realizing Sweden's potential in the years ahead," said Chris McLernon, Colliers International chief executive officer, Europe, Middle East and Africa. "We continue to deliver on our goal of elevating our global platform while remaining the most enterprising company in the industry, with a culture that enables our people to maximize every opportunity and accelerate success."

"The senior leadership team in Sweden is passionate about the future growth of our business and is committed to providing best in class service to our growing client base," said Dan Tornsten, CEO, Colliers Sweden. "As a company-owned operation, we look forward to integrating into the Colliers global platform and leveraging its size, established infrastructure and industry leadership to accelerate our growth, market share and client service capabilities, taking our business to the next level in a leadership position consistent with Colliers strategy."

About Colliers International Group Inc.

Colliers International is a leading global real estate services and investment management company. With operations in 68 countries, the company's 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, the company's experienced leadership team, owning more than 40 per cent of its equity, has delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8-billion ($3.3-billion including affiliates), with more than $26-billion of assets under management.

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