CBRE Group (CBRE) Buys Direct Line Global, Bolsters Capabilities

CBRE Group, Inc. (CBRE) recently announced the acquisition of Direct Line Global from a private equity firm, Guardian Capital. The acquisition is expected to be immediately accretive to CBRE's core earnings per share ("EPS"). Per Vikram Kohli, CEO of CBRE, "This acquisition fits squarely with our strategy of enhancing our capabilities in asset classes that benefit from secular tailwinds, in this case, the increasing digitization of the global economy." Direct Line Global will operate as part of CBRE's Data ...