Real estate services company Colliers International Group Inc. signed a definitive agreement to acquire Frankfurt-based multifamily investment company Engel & Völkers Main-Taunus Gmbh and rebrand it as Colliers International.
The acquired company will be integrated into existing operations, increasing Colliers' scale and capabilities in the Frankfurt market and providing opportunities to accelerate growth in Germany.
The deal is subject to customary conditions and is expected to close by the end of June.
Engel & Völkers provides multifamily investment services to institutions and high net worth investors. Founder and managing director Felix von Saucken will join Colliers International as a managing director and lead multifamily investment operations in Germany.
Financial terms of the transaction were not disclosed.
