Markets
JLL

JLL Closes Corrigo Takeover, Expands Facility Management

Jones Lang LaSalle IncorporatedJLL recently closed the acquisition of the cloud-based facility management solutions provider, Corrigo Incorporated.

The move is expected to bring a transformational shift in the use of automation by the company's clients, streamlining all operations ranging from initiating and tracking work orders, managing bids, and monitoring completed work to paying invoices.

Corrigo has a strong reputation in the field of facility management with its platform of a solid network of 1 million users managing over 10 million work orders per year across more than 180,000 sites.

We believe that this acquisition is part of JLL's efforts to invest in technology that will increase productivity and transform with top-class automation. Besides, the addition of Corrigo strengthens and compliments JLL's existing technology solutions, including the RED data and insights platform.

Lately, strategic acquisitions have been playing a pivotal role in enhancing JLL's service offerings. Recently, JLL has revealed a deal to acquire Strategic Advisory Group (SAG) in a move to improve its reach in the broader hospitality sector. Prior to the announcement of the SAG deal, the company had revealed the buyout of tenant-focused real estate firm, Cresa South Florida.

During the first nine months of 2015, JLL accomplished as many as 12 acquisitions across Australia, Canada, England, Germany, Japan, Poland, Sweden, Turkey and the U.S. (Read more: JLL's Acquisition Drive Continues ). Going forward, we believe that such strategic acquisitions will help the company capitalize on the improving market environment.

JLL currently carries a Zacks Rank #2 (Buy).

Other well-ranked stocks in the real estate space include Henderson Land Development Co. Ltd. HLDCY , CBRE Group Inc. CBG and Reis, Inc. REIS . All three stocks have the same Zacks Rank as JLL.

Want 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 >>

Want 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

JONES LANG LASL (JLL): Free Stock Analysis Report

CBRE GROUP INC (CBG): Free Stock Analysis Report

HENDERSON LAND (HLDCY): Free Stock Analysis Report

REIS INC (REIS): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

JLL HLDCY

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More