Jones Lang LaSalle Inc. (JLL Quick QuoteJLL - Free Report) – which shortened its name to “JLL” – announced the inking of a deal to acquire Integral UK Ltd., the UK-based company which is engaged in providing Electrical, Mechanical and Fabric property maintenance services to more than 1,600 clients, spread over 60,000 locations. This move is in sync with JLL’s disciplined acquisition strategy and complements its Integrated Facilities Management business as well as boosts its outsourcing capabilities in the U.K.

Set up in 1863, Integral is engaged in delivering top-quality mechanical and electrical property maintenance services to real estate owners, managers and occupiers. The acquisition with a total valuation of $330 million, is slated to be completed in August. The deal is expected to add over four billion square feet of property serviced all over the world and will enable JLL to provide better property maintenance for clients across Europe, Middle East and Africa.

Chicago-based JLL is a leading full-service real estate firm that provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide. This acquisition is likely to turn JLL into one of the largest mobile engineering services providers all over the world.

JLL currently carries a Zacks Rank #3 (Hold). Investors interested in the real estate industry can consider other stocks like Brookfield Asset Management Inc. (BAM Quick QuoteBAM - Free Report) , HFF Inc. (HF Quick QuoteHF - Free Report) and FirstService Corporation (FSV Quick QuoteFSV - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).


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