CBRE has announced the acquisition of a majority interest in the Ramot Group, a facilities management provider in Israel.
The Ramot Group, which has been a service provider to some of CBRE’s corporate clients in Israel since 2009, will operate as part of CBRE’s Global Workplace Solutions (GWS) business in Israel.
Ramot’s capabilities include technical maintenance, project management, cleaning services, reception administration and environmental health and safety.
This Ramot acquisition follows CBRE’s April 2018 purchase of its long-standing affiliate partner in Israel MAN Properties.
Ian Entwisle, chief executive officer, GWS EMEA at CBRE, said: ‘This acquisition adds extensive and complementary market-leading facilities management expertise to our existing GWS capabilities as part of our integrated service offer for our occupier clients.’
Harry Lipschitz, one of the founders of Ramot added: ‘Ramot has enjoyed a long and successful relationship with CBRE over many years and has been an important part of CBRE’s service delivery in the region. This transaction will allow us to bring world class, fully-integrated services and technological advantages to our Israeli and international clients.’