LOS ANGELES and BERLIN-CBRE Group, Inc. has agreed to acquire VALTEQ Gesellschaft mbH and its subsidiaries. VALTEQ, which was founded by its current owners, Thomas Herr, Gabriele Lft and Jrgen Scheins, is a leading technical real estate consulting firm in Germany.

VALTEQ specializes in technical and environmental due diligence for commercial real estate. It also provides technical asset management, project management and facilities management services and has a key focus on creating economically-feasible sustainability solutions. Upon closing of the acquisition, VALTEQ will become a fully integrated part of CBRE's Building Consultancy group in Germany and across Europe.

VALTEQ's clients include leading real estate investors and major occupiers, notably in the financial industry. Its team of approximately 60 professionals includes civil engineers, architects, economists, geologists and service technicians who operate out of five offices throughout Germany: Berlin, Stuttgart, Frankfurt, Munich and Nuremberg.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.