JLL acquires Envio Systems to accelerate smart and sustainable building capabilities

Rhea-AI Summary

On July 26, 2022, JLL (NYSE: JLL) announced the acquisition of Berlin-based Envio Systems, enhancing its capabilities in smart and sustainable building operations. Envio specializes in integrating data from various building systems, utilizing predictive analytics to optimize operations. This move underscores JLL's commitment to addressing evolving workforce needs and promoting sustainability. The acquisition aims to create a differentiated platform, enhancing JLL's technology-enabled service delivery and supporting clients in managing their real estate with greater efficiency and flexibility.

Positive

• Acquisition of Envio Systems enhances JLL's smart building capabilities.
• Integrates predictive analytics for improved building operations.
• Supports JLL's commitment to sustainability and evolving employee preferences.

Negative

• None.

Software and hardware form foundational structure of a differentiated technology platform

CHICAGO, July 26, 2022 /PRNewswire/ -- JLL (NYSE: JLL) announced today the acquisition of Envio Systems (Envio), a Berlin-based technology company that delivers more efficient and sustainable building operations by intelligently integrating data from building systems and providing predictive analytics and building automation.

Founded in 2013 to accelerate sustainability outcomes in the built environment, Envio's market-leading hardware and software enable access to and analysis of data from sensors and applications across systems and functions (e.g., HVAC, lighting management, energy management) to facilitate predictive decision-making around utilities and operations, health and comfort, and sustainability – regardless of existing installed equipment or technology, building size or age.  

Work, the workforce, and the workplace have fundamentally changed as a result of the pandemic and the acceleration of global digital transformation. Working in a hybrid mode is now expected by 60% of office workers, and 59% of employees expect to work in a company that supports their health and wellbeing.¹  Flexibility, optionality, and real-time responsiveness are required to meet rapidly changing demand and evolving employee preferences. 

"We welcome the Envio team into JLL and are excited about our collective vision to enable our clients to manage their real estate more dynamically," said Neil Murray, CEO of Work Dynamics, JLL. "Combining Envio's best-in-class systems with JLL's expertise, technology and global platform – along with our shared values around innovation and sustainability – will enable us to solve our clients' problems better, faster, and more cost-effectively than anyone else in the industry." 

The Envio technology will form the foundational infrastructure of a differentiated platform for delivering intelligent and sustainable building solutions that disrupt current building operation models with more flexibility, speed, and optionality into how spaces are planned, managed, and serviced.

"Our purpose at JLL is to shape the future of real estate for a better world, and with this acquisition of Envio we are meaningfully accelerating our ability to deliver on that promise for our clients," said Yishai Lerner, Co-CEO, JLL Technologies.

"We are thrilled to join JLL, which has a strong track record of leveraging and integrating disruptive technology to drive shared value for clients and communities," said Reza Alaghehband, Envio founder and CEO. "Our talent, hardware and software, together with JLL's global scale and integrated capabilities, will accelerate the delivery of smarter, more sustainable workplaces and buildings to our clients globally."

This acquisition will integrate with and enhance recent investments in technology-enabled service delivery – including Dynamic Occupancy Management and Dynamic Cleaning.

"Integrating the Envio team and technology with JLL's robust Workplace Management capabilities will advance our commitment to enabling clients to shape their workplaces and their employees' experiences to achieve more human-centric, more resilient, and more responsible real estate, and create a better world of work," said Murray.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

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Contact: Gayle Kantro
Phone: +1 312 228 2795
Email: gayle.kantro@am.jll.com

¹ JLL Workforce Preferences Barometer, June 2022

 

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SOURCE JLL-IR

FAQ

What is the purpose of JLL's acquisition of Envio Systems?

The acquisition aims to enhance JLL's capabilities in smart and sustainable building operations by integrating Envio's technology with JLL's existing services.

When was the acquisition of Envio Systems by JLL announced?

The acquisition was announced on July 26, 2022.

How does JLL plan to utilize Envio's technology?

JLL plans to leverage Envio's predictive analytics and integration capabilities to enhance building operations and create a more sustainable real estate environment.

What impact will the acquisition have on JLL's business?

The acquisition is expected to improve JLL's service delivery and enable more efficient management of real estate, aligning with modern workforce needs and sustainability goals.

What does Envio Systems specialize in?

Envio Systems specializes in integrating data from building systems and providing predictive analytics for sustainable and efficient building operations.