Jones Lang (JLL) to Buy SKAE to Boost Data Center Expertise

Zacks05-17

Jones Lang LaSalle JLL — popularly known as JLL — recently announced that it has entered into an agreement to acquire a New York-based provider of data center technical and project management services...

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The deal is expected to close soon, subject to customary closing conditions.This move will allow Jones Lang to offer solutions throughout the entire data center lifecycle and add significant technical depth to its existing offerings. SKAE’s expertise will enhance JLL's ability to support clients with crucial data center site selection, design, testing and commissioning, upgrades and operations management.Per Neil Murray, CEO of Work Dynamics, Jones Lang, \"With the continued growth of the global data center market, we're seeing increased opportunity to deliver the specialized expertise required to manage and maintain these assets. This acquisition immediately enhances our ability to expertly support our clients' data center solutions now, and into the future.\". The ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4088":"住宅建筑","KW":"Kennedy-Wilson Holdings Inc","GRBK":"Green Brick Partners","BK4079":"房地产服务","BK4205":"房地产经营公司","BK4233":"房地产运营公司","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","JLL":"仲量联行"},"translate_title":"仲量联行（JLL）将收购SKAE以提升数据中心专业知识","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRBK":1,"JLL":1,"KW":1},"content_text":"Jones Lang LaSalle JLL — popularly known as JLL — recently announced that it has entered into an agreement to acquire a New York-based provider of data center technical and project management services, SKAE Power Solutions (”SKAE”). The deal is expected to close soon, subject to customary closing conditions.\nThis move will allow Jones Lang to offer solutions throughout the entire data center lifecycle and add significant technical depth to its existing offerings. SKAE’s expertise will enhance JLL's ability to support clients with crucial data center site selection, design, testing and commissioning, upgrades and operations management.\nPer Neil Murray, CEO of Work Dynamics, Jones Lang, \"With the continued growth of the global data center market, we're seeing increased opportunity to deliver the specialized expertise required to manage and maintain these assets. This acquisition immediately enhances our ability to expertly support our clients' data center solutions now, and into the future.\"\nThe acquisition seems a strategic fit, with JLL's recent Global Data Center Outlook highlighting how AI and machine learning are driving a shift in data center design, site selection and investment approach.\nThere will likely be a significant surge in data generation by both consumers and businesses over the next five years. This surge is expected to be twice the amount of data created in the past decade. As a result, the storage capacity of data centers is projected to increase from 10.1 zettabytes (ZB) in 2023 to an estimated 21 ZB by 2027.\nFollowing the deal’s completion, SKAE's 75 employees will become part of JLL Work Dynamics. The acquisition will form JLL’s Technical Services division within the Data Center vertical and will continue to operate as SKAE, a JLL company.\nOver the past years, Jones Lang has undertaken several strategic acquisitions as part of its global growth strategy, thereby expanding its capabilities in several service offerings. The company continues to look for opportunities to invest in its business, both organically and through mergers and acquisitions.\nJones Lang’s superior client services and strategic investment in technology and innovation are expected to help grow market share and win relationships. In fact, strategic investments made on the technology front helped it to well navigate the challenging times.\nOver the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 10% compared with the industry’s upside of 3.4%.\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks from the broader real estate industry are Green Brick Partners GRBK and Kennedy-Wilson KW, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe Zacks Consensus Estimate for GRBK’s 2024 earnings per share has been raised 10.2% over the past month to $7.46.\nThe Zacks Consensus Estimate for KW’s ongoing year’s earnings per share has been raised to 1 cent against negative $1.36 over the past week.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nJones Lang LaSalle Incorporated (JLL) : Free Stock Analysis Report\nKennedy-Wilson Holdings Inc. (KW) : Free Stock Analysis Report\nGreen Brick Partners, Inc. (GRBK) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436855649"}