Mr. Elias Mulamoottil reports

COLLIERS ADDS WESTERN CANADIAN SPECIALTY ENGINEERING SERVICES FIRM

Colliers International Group Inc.'s Canadian engineering platform, Englobe Corp., has acquired Tetranex Solutions Inc., a leading multidiscipline engineering consulting firm in Alberta. Under Colliers's unique partnership model, Tetranex's senior team will become shareholders of Englobe and play a key role in leadership going forward. Terms of the transaction were not disclosed.

Founded in 2010, Tetranex's 200 professionals provide specialized electrical, instrumentation and controls (EI&C), automation, and other engineering and procurement services primarily across the oil and gas, agri-food and industrial sectors.

"This transaction reaffirms our growth ambition by establishing a beachhead in the energy sector, a market poised to benefit from long-term tailwinds driven by increased demand for electricity," said Mike Cormier, president of Englobe. "Our differentiated approach continues to position Englobe as an acquirer of choice in the Canadian engineering services market and we are excited to welcome these talented professionals to Englobe."

"We are thrilled to partner with a well-respected firm whose culture and values align with ours," said David Harman, president of Tetranex. "Becoming part of Englobe -0-within the broader Colliers platform -- provides our professionals with the scale, expertise and collaborative environment to strengthen our client offering and accelerate our growth."

About Colliers International Group Inc.

Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms -- real estate services, engineering and investment management -- Colliers has a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20-per-cent compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With $5.5-billion in annual revenues, a team of 24,000 professionals and $108-billion in assets under management, Colliers remains committed to accelerating the success of its clients, investors and people worldwide.