- Commercial REIT CBRE Group ( NYSE: CBRE ) on Wednesday said it had acquired Full Spectrum Group, a provider of technical support services for high-end laboratory systems in the U.S., from private equity firm Pfingsten Partners for $110M.
- According to CBRE, Calif.-based Full Spectrum employs more than 100 engineers throughout the U.S., and provides services such as preventative maintenance programs, calibration and validation, repair services, parts and reconditioned instruments.
- "CBRE will now be able to self-deliver highly specialized maintenance and repair services for handling some of the most critical laboratory assets, including high-end liquid and gas chromatography, mass spectroscopy and thermal equipment," the company said in a statement .
- Full Spectrum will be integrated into CBRE’s Global Workplace Solutions Integrated Laboratory Solutions business.
- Class A shares of CBRE earlier closed -1.8% at $70.10.
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CBRE buys lab systems support services provider Full Spectrum Group for $110M