Colliers International Group Inc. (NASDAQ:CIGI) upgraded by Raymond James to Strong Buy with a price target of $200, citing the acquisition of Ayesa Engineering for $700 million. The deal is expected to be 5% accretive to EPS and expand Colliers’ capabilities in Europe. Colliers also acquired Ramos Consulting Services in California.

Colliers International Group Inc. (NASDAQ:CIGI) announced the acquisition of Ayesa Engineering, a division of Ayesa Inversiones, for approximately $370 million in gross revenues. Ayesa employs over 3,200 professionals in 21 countries and will operate under its current brand within Colliers. The deal expands Colliers’ reach in engineering and project management.

Colliers International Group Inc. (NASDAQ:CIGI) provides commercial real estate services globally, serving clients in North America, Europe, Australia, the UK, Poland, China, and India. The company recently acquired Ayesa Engineering and Ramos Consulting Services to enhance its capabilities in engineering and project management.

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Read more at Yahoo Finance: Raymond James Upgrades Colliers International Group Inc. (CIGI) to Strong Buy and Raises its Price Target to $200