Colliers adds leading Australian engineering firm
Colliers (NASDAQ, TSX: CIGI) has acquired TTM Group Pty , a Brisbane-based transportation engineering consultancy. This acquisition expands Colliers Engineering & Design Australia's capabilities in traffic and transportation across Queensland, New South Wales, and Victoria. TTM's senior leadership will become shareholders in Colliers Engineering under its partnership model. Founded in 1982, TTM employs 65 professionals across four offices, offering services in transportation and traffic engineering, specialty acoustics, data collection, and waste management. This marks Colliers' third follow-on investment in Australia's engineering consultancy market since 2022. The terms of the deal were not disclosed.
Colliers (NASDAQ, TSX: CIGI) ha acquisito TTM Group Pty, una società di consulenza ingegneristica per il trasporto con sede a Brisbane. Questa acquisizione amplia le capacità di Colliers Engineering & Design Australia nel settore del traffico e dei trasporti in Queensland, New South Wales e Victoria. I dirigenti senior di TTM diventeranno azionisti di Colliers Engineering secondo il modello di partnership. Fondata nel 1982, TTM impiega 65 professionisti in quattro uffici, offrendo servizi in ingegneria dei trasporti e del traffico, acustica speciale, raccolta dati e gestione dei rifiuti. Questo segna il terzo investimento consecutivo di Colliers nel mercato delle consulenze ingegneristiche in Australia dal 2022. I termini dell'affare non sono stati divulgati.
Colliers (NASDAQ, TSX: CIGI) ha adquirido TTM Group Pty, una consultora de ingeniería del transporte con sede en Brisbane. Esta adquisición amplía las capacidades de Colliers Engineering & Design Australia en tráfico y transporte en Queensland, Nueva Gales del Sur y Victoria. La alta dirección de TTM se convertirá en accionista de Colliers Engineering bajo su modelo de asociación. Fundada en 1982, TTM emplea a 65 profesionales en cuatro oficinas, ofreciendo servicios en ingeniería de transporte y tráfico, acústica especializada, recolección de datos y gestión de residuos. Esta marca es la tercera inversión consecutiva de Colliers en el mercado de consultoría de ingeniería en Australia desde 2022. Los términos del acuerdo no fueron divulgados.
Colliers (NASDAQ, TSX: CIGI)가 브리즈번에 본사를 둔 운송 엔지니어링 컨설팅 회사 TTM Group Pty를 인수했습니다. 이번 인수는 Queensland, New South Wales 및 Victoria 전역에서 Colliers Engineering & Design Australia의 교통 및 운송 능력을 확장합니다. TTM의 고위 경영진은 파트너십 모델에 따라 Colliers Engineering의 주주가 됩니다. 1982년에 설립된 TTM은 네 개의 사무소에서 65명의 전문가를 고용하며, 운송 및 교통 엔지니어링, 전문 음향, 데이터 수집, 폐기물 관리 서비스 등을 제공합니다. 이는 2022년 이후 Colliers의 호주 엔지니어링 컨설팅 시장 내 세 번째 후속 투자로 기록됩니다. 거래 조건은 공개되지 않았습니다.
Colliers (NASDAQ, TSX: CIGI) a acquis TTM Group Pty, un cabinet de conseil en ingénierie du transport basé à Brisbane. Cette acquisition élargit les capacités de Colliers Engineering & Design Australia en matière de circulation et de transport dans le Queensland, la Nouvelle-Galles du Sud et Victoria. La direction senior de TTM deviendra actionnaire de Colliers Engineering dans le cadre de son modèle de partenariat. Fondée en 1982, TTM emploie 65 professionnels répartis dans quatre bureaux, offrant des services en ingénierie des transports et de la circulation, acoustique spécialisée, collecte de données et gestion des déchets. Cela marque le troisième investissement consécutif de Colliers sur le marché des consultants en ingénierie en Australie depuis 2022. Les conditions de l'accord n'ont pas été divulguées.
Colliers (NASDAQ, TSX: CIGI) hat die TTM Group Pty, ein in Brisbane ansässiges Beratungsunternehmen für Verkehrstechnik, übernommen. Diese Übernahme erweitert die Fähigkeiten von Colliers Engineering & Design Australia im Bereich Verkehr und Transport in Queensland, New South Wales und Victoria. Die Führungskräfte von TTM werden unter dem Partnerschaftsmodell Aktionäre bei Colliers Engineering. TTM wurde 1982 gegründet und beschäftigt 65 Fachleute in vier Büros, die Dienstleistungen in den Bereichen Verkehrs- und Transporttechnik, Spezialakustik, Datenerfassung und Abfallmanagement anbieten. Dies ist die dritte Folgeinvestition von Colliers im Ingenieurbüromarkt Australiens seit 2022. Die Bedingungen des Deals wurden nicht offengelegt.
- Acquisition expands Colliers' infrastructure capabilities in key Australian regions.
- TTM's senior leadership joining as shareholders under Colliers' partnership model.
- TTM's 65 professionals enhance Colliers' talent pool and service offerings.
- None.
Insights
The acquisition of TTM Group by Colliers Engineering & Design Australia is a strategic move that expands Colliers' infrastructure capabilities across Australia. While the terms of the deal weren't disclosed, this acquisition is likely to have a positive impact on Colliers' long-term growth prospects in the region.
Key points to consider:
- This is the third follow-on investment since Colliers entered Australia's engineering consultancy market in 2022, indicating a strong commitment to growth in this sector.
- The addition of TTM's 65 professionals and four offices will significantly enhance Colliers' presence in Queensland, New South Wales and Victoria.
- TTM's expertise in transportation and traffic engineering, acoustics and waste management consulting complements Colliers' existing services, potentially leading to increased revenue streams and market share.
- The integration of TTM under the Colliers Engineering & Design brand should lead to operational synergies and cost efficiencies over time.
While the immediate financial impact may be given Colliers'
This acquisition demonstrates Colliers' commitment to expanding its footprint in the Australian engineering consultancy market. The move is strategically sound for several reasons:
- Australia's infrastructure sector is poised for growth, with significant government investments planned in transportation and urban development.
- By acquiring TTM, Colliers gains valuable expertise in transportation engineering, positioning itself to capitalize on upcoming infrastructure projects.
- The deal enhances Colliers' competitive advantage in the Australian market, potentially leading to larger contract wins and increased market share.
- TTM's client base in both private and public sectors provides Colliers with new business opportunities and cross-selling potential.
Investors should view this as a positive development for Colliers' long-term growth strategy in the Asia-Pacific region. While the immediate financial impact may be modest, the acquisition strengthens Colliers' service offerings and market position, which could translate into improved revenue and profitability in the coming years.
Acquisition expands infrastructure capabilities across Australia
TORONTO and SYDNEY, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that Colliers Engineering & Design Australia (“Colliers Engineering”) has acquired TTM Group Pty Limited (“TTM”), a leading transportation engineering consultancy headquartered in Brisbane, Queensland.
The addition will augment Colliers Engineering’s overall scale and add new traffic and transportation capabilities across Queensland, New South Wales, and Victoria. TTM’s senior leadership team will become shareholders in the Colliers Engineering platform under Colliers’ unique partnership model. The business will rebrand as “Colliers Engineering & Design” and fully integrate into the rapidly expanding Colliers Engineering platform. Terms of the transaction were not disclosed.
Founded in 1982, TTM’s 65 professionals operate from four offices across Australia. They provide transportation and traffic engineering and design, specialty acoustics, data collection, and waste management design and consulting to private and public sector clients.
“The acquisition of TTM represents the third follow-on investment since Colliers entered Australia’s engineering consultancy market in 2022, highlighting the attractiveness of our unique partnership philosophy, enterprising culture, and long-term growth ambitions,” said John Kenny, CEO Colliers Asia Pacific. “Our approach continues to differentiate Colliers and attract best-in-class firms to our platform, and we are delighted to welcome the talented professionals from TTM.”
“TTM will help expand our transportation capabilities, qualifications, and relationships across Australia, allowing us to provide an enhanced suite of essential and valuable development and infrastructure-related services to clients,” said Brent Thomas, Managing Director of Colliers Engineering & Design Australia. “The TTM team has a long history of working on important public infrastructure and private developments. We are excited to be partnering with them.”
“Joining an entrepreneurial firm with a national and global platform like Colliers Engineering was a natural next step for TTM,” said Brian Camilleri, Principal Director of TTM, who will become Colliers Engineering’s National Director – Transportation. “We were attracted to Colliers’ strong brand and entrepreneurial culture, which will enable our professionals to capitalize on the tremendous opportunity to work on major development and transportation infrastructure projects in the country.”
Colliers Contacts
John Kenny
Chief Executive Officer | Asia Pacific
+61 2 9257 0222
Brent Thomas
Managing Director | Colliers Engineering & Design Australia
+61 3 9562 7424
TTM Contact
Brian Camilleri
Principal Director
+07 3327 9500
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our 22,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately
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