CBRE Acquires E2C Technology to Enhance its Facilities Management Solutions
kolovoza 19, 2022
CBRE Group, Inc. today announced the acquisition of E2C Technology, an Artificial Intelligence/ Machine Learning (AI/ML) data-driven technology company that will enhance and further differentiate its facilities management service offering and unlock significant value for clients through cost efficient operational reliability and technical excellence, sustainability solutions and improved workplace experience.
CBRE already utilizes E2C’s cloud-based Nexus solution for rapid onboarding of commercial buildings based on AI/ML models for data ingestion, aggregation, and normalization. CBRE’s Smart Facilities Management solutions, which includes data and intelligence from its management of billions of square feet, together with the Nexus technology, drives improved facility performance by detecting faults and inefficiencies, reducing energy use and costs, streamlining maintenance operations, measuring and managing occupant experience, and meeting increasing regulatory and reporting requirements for environmental sustainability.
In addition to Nexus, the acquisition adds E2C’s expertise to CBRE’s existing talented team. E2C Co-Founder and CEO Anno Scholten, is joining CBRE with a team based in Dallas and Singapore.
Kapil Lahoti, Chief Digital & Technology Officer for CBRE Global Workplace Solutions, said: “At CBRE we are committed to leveraging technologies that will drive the next evolution of facility management solutions that unlock significant value for our clients. Bringing E2C’s talent and new generation software onto our platform positions CBRE to lead the market with its differentiated Smart Facilities Management solutions.”
E2C’s Mr. Scholten said: “Being part of CBRE allows us to bring our cutting-edge AI/ML tools and expertise together with an industry leading facilities management platform. We look forward to contributing to CBRE’s facility management platform and building out the next evolution of Facilities Management solutions.”
Certain of the statements in this release regarding acquisition of E2C Technology that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, the ability to integrate E2C Technology’s software and people into CBRE’s Facilities platform as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2021, and Form 10-Q for the quarter ended June 30, 2022. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at [email protected].
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.