Press Release

CBRE bolsters data centre capabilities with Direct Line Global acquisition

Thu 20 Jun 2024

CBRE Group has announced the acquisition of  a provider of mission-critical data centre infrastructure company, Direct Line Global, from private equity firm, Guardian Capital. 

The acquisition is expected to be immediately accretive to CBRE’s core earnings-per-share.

Founded in 1997, Direct Line Global provides design, installation, maintenance and management solutions for data centre owners and operators, primarily in the US. It is focused on serving the world’s largest global technology companies across the hyperscale market, which is growing rapidly, co-location and enterprise segments.

The global market for data centre support services is estimated to be approximately £23.6 billion ($30 billion) and is expected to grow at 16% per year through 2028.

Chief Operating Officer of CBRE, Vikram Kohli, emphasised the acquisition aligns with the company’s strategy to improve capabilities in asset classes poised to benefit from the growing digitisation of the global economy.

“Direct Line Global perfectly complements our existing data centre management capabilities and provides us with best-in-class technical capabilities that differentiate our service offering,” said Kohli.

CBRE said Direct Line Global provides technical services, like server support infrastructure, while CBRE currently focuses on facilities management services. Combining the two gives CBRE the ability to deliver integrated data centre solutions that no other service provider can match.

“Our business has strong momentum, driven by the economy’s voracious appetite for data and artificial intelligence’s explosive growth. We are particularly energised about the opportunities that CBRE’s preeminent global platform will afford us for overseas growth,”said Bill Nelligan, Chief Executive Officer of Direct Line Global.

Direct Line Global has grown significantly since Nelligan became CEO in 2021. The company, based in Fremont, CA, has more than 1,000 employees including significant operations in northern Virginia with additional operations in Hong Kong, the Philippines, Singapore and South Korea.

Direct Line Global will operate as part of CBRE’s Data Centers Solutions business within the Global Workplace Solutions business segment.

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