Colliers Expands Engineering Capabilities with Acquisition of TTM Group

Colliers Expands Engineering Capabilities with Acquisition of TTM Group

Toronto and Sydney, October 8, 2024 – Colliers (NASDAQ, TSX: CIGI), a global leader in diversified professional services and investment management, has announced the acquisition of TTM Group Pty Limited (TTM), a prominent transportation engineering consultancy based in Brisbane, Queensland. This strategic move enhances Colliers Engineering & Design Australia's scale and introduces new traffic and transportation capabilities across Queensland, New South Wales, and Victoria.

The integration of TTM will see its senior leadership team become shareholders in the Colliers Engineering platform, following Colliers' unique partnership model. The rebranded "Colliers Engineering & Design" will fully integrate into the expanding Colliers Engineering platform. The financial terms of the transaction remain undisclosed.

TTM, established in 1982, boasts a team of 65 professionals operating from four offices across Australia. Their expertise spans transportation and traffic engineering and design, specialty acoustics, data collection, and waste management design and consulting, serving both private and public sector clients.

John Kenny, CEO of Colliers Asia Pacific, stated, "The acquisition of TTM marks our third follow-on investment since entering Australia's engineering consultancy market in 2022. This move underscores the appeal of our partnership philosophy, enterprising culture, and long-term growth ambitions. We are thrilled to welcome TTM's talented professionals to our platform."

Brent Thomas, Managing Director of Colliers Engineering & Design Australia, added, "TTM will significantly enhance our transportation capabilities and relationships across Australia, enabling us to offer an expanded suite of essential development and infrastructure services to our clients. TTM's history of involvement in key public infrastructure and private developments aligns perfectly with our objectives."

Brian Camilleri, Principal Director of TTM and future National Director – Transportation at Colliers Engineering, expressed enthusiasm about the merger, "Joining an entrepreneurial firm with a national and global platform like Colliers Engineering was a natural progression for TTM. Colliers' strong brand and entrepreneurial culture will allow our professionals to seize opportunities in major development and transportation infrastructure projects across the country."

Contact Information:

• John Kenny, Chief Executive Officer | Asia Pacific, +61 2 9257 0222
• Brent Thomas, Managing Director | Colliers Engineering & Design Australia, +61 3 9562 7424
• Brian Camilleri, Principal Director, +07 3327 9500

About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company, operating in 68 countries with 22,000 professionals. Colliers provides expert real estate and investment advice, delivering compound annual investment returns of approximately 20% for shareholders. With annual revenues exceeding $4.4 billion and $96 billion of assets under management, Colliers is committed to maximizing the potential of property and real assets to accelerate success for clients, investors, and employees. Learn more at corporate.colliers.com, X @Colliers, or LinkedIn.