Breaking News: The big get bigger and the FM industry just got more interesting!

01 Apr 2015

Last September Jonhson Controls inc. announced its intention to separate from one of its business units Global Workplace Solutions (GWS), which falls under the facility management industry. After a business of more than 20 years in order to focus on its core manufacturing business.  Johnson Controls GWS has been  a EuroFM member for years now and a continue sponsor for the EFMC. Johnson Controls GWS is a leading provider of facilities, corporate real estate and energy management for many of the world's largest companies. The winning team who will acquire GWS is CBRE! CBRE is the world’s premier, full-service real estate services company. They hold a  leadership position in virtually every key business center across the globe. So whats next? GWS will operate as part of CBRE’s Global Corporate Services (GCS) business, which has increased revenue at a double-digit compound annual growth rate over the last decade, as more major corporations and other institutions outsource their real estate services. When the transaction is completed, the full range of combined occupier services – notably including CBRE’s leasing expertise and GWS’s engineering expertise – will be available to the clients of both companies. What does this mean for the industry? An actually expected shift of two worlds merging together which is FM and CREM. So If FM is an integration of processes within an organization to maintain and develop the agreed services which support and improve the effectiveness of its primary activities and CREM is the management of a corporation’ real estate portfolio by aligning the portfolio and services to the needs of the core business (processes) in order to obtain maximum added value for the business and to contribute optimally to the overall performance of the corporation. How can these two entities consolidate and how will this impact the future of both the FM and CREM market?! Read more about the CBRE acquiring Johnson Controls GWS.