Colliers Acquires BESTECH, Enhancing Engineering Capabilities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Strategic Acquisition: Colliers' Englobe has acquired BESTECH, a leading multidisciplinary engineering consulting firm in Ontario, aiming to expand its capabilities in the Canadian resources sector and enhance market competitiveness.
- Leadership Integration: BESTECH's senior team will continue to play a key leadership role within Englobe and become shareholders, fostering long-term development through this unique partnership model.
- Enhanced Industry Expertise: Founded in 1995, BESTECH boasts over 100 professionals providing services in mining, automation, electrical, and power systems, thereby strengthening Englobe's expertise in the rapidly growing mining market.
- Increased Client Value: Colliers' investment will leverage Englobe's infrastructure and capabilities to deliver unparalleled outcomes for clients and improve employee experiences, further driving business expansion in Ontario.
Analyst Views on CIGI
Wall Street analysts forecast CIGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIGI is 177.30 USD with a low forecast of 136.77 USD and a high forecast of 195.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 147.490
Low
136.77
Averages
177.30
High
195.00
Current: 147.490
Low
136.77
Averages
177.30
High
195.00
About CIGI
Colliers International Group Inc. is a global diversified professional services and investment management company. The Company's platforms include commercial real estate services, engineering consultancy and investment management. Its service lines are outsourcing, engineering, investment management, leasing and capital markets. Its services for landlords and investors include landlord representation, project management, capital market, valuation and advisory, real estate management, engineering and design services, and others. Its services for occupiers and tenants include occupier services, tenant representation, project management, technology services and others. It offers services to various properties-including hospitality, industrial, land, multifamily, office, retail, healthcare and special purpose. Harrison Street Asset Management (Harrison Street) offers solutions across a variety of closed-end, open-end and specialized vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
