JLL - JLL acquires German tech firm Envio Systems

• JLL ( NYSE: JLL ) has acquired German technology company Envio Systems to accelerate its smart and sustainable building capabilities.
• Terms of the deal were not disclosed.
• Founded in 2013, Envio offers a comprehensive building management solution that is said to reduce labor hours and optimize energy consumption. The solution delivers more efficient and sustainable building operations by intelligently integrating data from building systems and providing predictive analytics and building automation.
• Neil Murray, CEO of Work Dynamics, JLL stated: "Combining Envio's best-in-class systems with JLL's expertise, technology and global platform – along with our shared values around innovation and sustainability – will enable us to solve our clients' problems better, faster, and more cost-effectively than anyone else in the industry."
• This acquisition will enhance recent investments in technology-enabled service delivery – including Dynamic Occupancy Management and Dynamic Cleaning.
• JLL is rated buy by SA Quant system and SA Authors
• Read a recent bullish analysis on the stock here

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