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CBRE GROUP, INC. 8-K Report, Regulation FD Disclosure (Nov 12, 2013)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed November 12, 2013
Period End
November 12, 2013
Security
CBRE
In the record · 2016–202610-K1110-Q328-K149

CBRE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed November 12, 2013. Cited figures are marked; the original filing is the authoritative source.

CBRE Group, Inc. (CBRE) announced on November 12, 2013, a significant strategic acquisition through a definitive agreement to purchase Norland Managed Services Ltd. This UK and Ireland-based company is a prominent provider of commercial building technical engineering services.

The acquisition price is set at £250 million (approximately $400 milliona) in cash, with potential for up to an additional £50 million (approximately $80 million) in deferred contingent consideration, plus adjustments for working capital. This move signals CBRE's intention to expand its service offerings and geographic footprint, particularly in the UK and Ireland markets.

The integration of Norland's technical engineering capabilities is expected to enhance CBRE's ability to offer comprehensive facilities management solutions to its clients, potentially driving revenue growth and market share gains in these regions. Investors should monitor the completion of this acquisition and its subsequent impact on CBRE's financial performance and market position.

02—Key points

Key Highlights

  1. CBRE Group, Inc. entered into a definitive agreement to acquire Norland Managed Services Ltd.
  2. Norland Managed Services Ltd is a leading provider of commercial building technical engineering services in the UK and Ireland.
  3. The acquisition price is £250 million (approximately $400 million) in cash.
  4. Additional deferred contingent consideration of up to £50 million (approximately $80 million) may be paid.
  5. A payment for excess working capital and related items is also part of the transaction.
  6. This acquisition aims to expand CBRE's service capabilities and geographic presence.
  7. The press release announcing the transaction was filed as an exhibit on November 12, 2013.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this acquisition for CBRE?

    The primary purpose of this acquisition is to expand CBRE's service offerings by integrating Norland's technical engineering capabilities, thereby strengthening its position in facilities management and enhancing its geographic presence in the United Kingdom and Ireland.

  2. What is the total potential cost of the acquisition?

    The total potential cost of the acquisition is approximately £300 million ( £250 million in cash plus up to £50 million in deferred contingent consideration), plus adjustments for excess working capital and related items.

  3. What kind of services does Norland Managed Services Ltd provide?

    Norland Managed Services Ltd provides commercial building technical engineering services.

  4. When was the acquisition announced, and what is the filing date?

    The acquisition was announced on November 12, 2013, and the Form 8-K filing with the SEC reporting this event was also made on November 12, 2013.

04—Continue

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