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Colliers completes acquisition of Ayesa Engineering

(Neutral)
(Very Positive)

Colliers (NASDAQ, TSX: CIGI) has completed its acquisition of Ayesa Engineering, the engineering division of Ayesa Group. Ayesa adds more than 3,300 professionals and a global multidiscipline engineering and project management platform headquartered in Seville, Spain.

Colliers Engineering now operates in 23 countries with over 11,000 professionals, expanding capabilities across property, infrastructure, water, and environmental markets, while Ayesa’s leadership retains significant equity under Colliers’ partnership model.

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Positive

  • Ayesa Engineering adds more than 3,300 professionals to Colliers Engineering
  • Colliers Engineering now operates in 23 countries with over 11,000 professionals
  • Ayesa leadership retains significant equity under Colliers’ partnership model
  • Acquisition broadens technical capabilities across Property & Buildings, Infrastructure, Water, Environmental markets
  • Deal enhances client reach in Europe, Latin America, Middle East, South Asia

Negative

  • None.

News Market Reaction – CIGI

+0.23%
+0.23% Session close to close

In the May 27 session, CIGI gained 0.23%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms the closing of Colliers’ acquisition of Ayesa Engineering, adding more th...
Analysis

This announcement confirms the closing of Colliers’ acquisition of Ayesa Engineering, adding more than 3,300 professionals and taking the engineering platform to over 11,000 staff across 23 countries. It follows earlier disclosure of the transaction terms and reflects Colliers’ ongoing use of acquisitions to expand engineering and infrastructure capabilities. Investors may watch how engineering revenues, margins, and geographic mix evolve in upcoming earnings as integration progresses and new project opportunities scale.

Key Figures

Ayesa Engineering professionals: more than 3,300 professionals Engineering countries: 23 countries Engineering professionals: over 11,000 professionals
3 metrics
Ayesa Engineering professionals more than 3,300 professionals Workforce added through completed acquisition
Engineering countries 23 countries Colliers Engineering operating footprint after Ayesa acquisition
Engineering professionals over 11,000 professionals Total Colliers Engineering headcount post-acquisition

Previous Acquisition Reports

5 past events · Latest: Mar 02 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 02 Italy residential acquisition Positive -1.8% Acquisition of Progedil to deepen residential and regeneration capabilities in Rome and Italy.
Feb 04 Transit engineering deal Positive +4.9% Colliers Engineering U.S. acquires Ramos CS, adding 50 professionals and transit expertise.
Feb 03 Ayesa deal announcement Positive -5.9% Definitive agreement to acquire Ayesa Engineering with added professionals and 2025 revenues.
Jul 30 RoundShield stake purchase Positive -0.6% Harrison Street acquires 60% of RoundShield to expand European credit investment platform.
Jul 25 Astris Finance acquisition Positive +0.5% Completion of Astris Finance acquisition to expand infrastructure and energy transition banking.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Acquisition headlines often see modest to negative next-day moves, with more price divergences than alignments.

Recent Company History

Over the past year, Colliers has frequently used acquisitions to expand its platform. Events include buying Rome-based Progedil to deepen Italian residential capabilities and acquiring Ramos Consulting Services to bolster California transit engineering. The company also completed the Astris Finance deal and Harrison Street’s majority stake in RoundShield Partners to enhance European credit and infrastructure exposure. Today’s completion of the Ayesa Engineering acquisition follows the earlier definitive agreement, fitting into this ongoing acquisition-led growth strategy within engineering and investment-related businesses.

Key Terms

desalination
1 terms
desalination technical
"the design of hundreds of desalination and water distribution facilities across Saudi Arabia"
Desalination is the process of removing salt and other minerals from seawater or brackish water to produce fresh water people and businesses can use, similar to running salty water through a large, industrial filter or distillation system. It matters to investors because desalination plants are capital-intensive, often produce steady long-term revenue from water sales or contracts, and are sensitive to energy costs, regulation and environmental concerns—factors that affect profitability and risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, May 27, 2026 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI), a global leader in professional services and investment management, announced today it has completed its previously announced acquisition of Ayesa Engineering S.A.U. (“Ayesa Engineering” or “Ayesa”), the engineering division of Ayesa Inversiones S.L.U. (“Ayesa Group”). Ayesa Engineering is a global multidiscipline engineering and project management firm headquartered in Seville, Spain, that provides technical consulting services across four continents. Ayesa’s leadership team has retained significant equity under Colliers’ unique partnership model and will drive the operations and growth of the business going forward.

With the addition of Ayesa Engineering’s more than 3,300 professionals, Colliers’ Engineering segment (“Colliers Engineering”) now operates in 23 countries with over 11,000 professionals, firmly establishing Colliers Engineering as a leading global consultancy delivering engineering, design, project management, and other technical consulting services across Property & Buildings, Infrastructure & Transportation, Water, and Environmental end markets.

“Ayesa is a highly strategic acquisition that meaningfully expands the global scale of our engineering business, strengthens the resilience of our earnings, and underscores the power of our partnership model,” said Jay Hennick, Global Chairman and Chief Executive Officer of Colliers. “Our ability to partner with exceptional operators and align them for long-term growth differentiates Colliers. More than 700 of our operators are partners in our engineering business, creating strong alignment, reinforcing our entrepreneurial culture, and driving long-term value creation. Looking ahead, we see significant opportunity to accelerate global growth within our engineering business, both organically and through acquisitions.”

“This acquisition strengthens our ability to serve clients in attractive, high-growth markets across Europe, Latin America, the Middle East and South Asia, while broadening our technical capabilities on a global scale,” said Elias Mulamoottil, Chief Investment Officer and CEO of Engineering at Colliers. “That expertise is reflected in Ayesa’s complex, high-profile projects such as the design and project oversight of the transformation of the Santiago Bernabéu Stadium in Madrid, the design of hundreds of desalination and water distribution facilities across Saudi Arabia, and the design and project oversight of several metro lines globally including the Bogotá Metro in Colombia.”

“Partnering with Colliers creates an exceptional opportunity for our professionals to become significant stakeholders in the business, reinforcing long-term stability and our focus on delivering the best outcomes for clients,” said Rosalío Alonso, Chief Executive Officer of Ayesa Engineering. “It also gives us the ability to leverage Colliers’ significant engineering operations in the U.S., Canada, and Australia, while benefiting from its more than 30-year track record of scaling global businesses and creating long-term value for all stakeholders.”

In connection with the transaction, Alantra acted as financial advisor and Uría Menéndez acted as legal advisor to Colliers. Baird and Arcano Partners acted as financial advisors and Pérez-Llorca and Weil, Gotshal & Manges acted as legal advisors to Ayesa Group and its owners, A&M Capital Europe and the Manzanares family.

  
Colliers Contacts
Elias Mulamoottil
Chief Investment Officer & CEO, Engineering
  
Christian Mayer
Chief Financial Officer & CEO, Commercial Real Estate
  
(416) 960-9500
   

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company operating through three industry-leading businesses: Commercial Real Estate, Engineering, and Investment Management. With greater than a 30-year track record of consistent growth and strong recurring cash flows, we scale complementary, high-value businesses that provide essential services across the full asset lifecycle. Our unique partnership philosophy empowers exceptional leaders, preserves our entrepreneurial culture, and ensures meaningful inside ownership — driving strong alignment and sustained value creation for our shareholders. With $5.7 billion in annual revenues, 24,000 professionals, and $109 billion in assets under management, Colliers is committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com.
        
About Ayesa Engineering
Ayesa Engineering is a leading multidisciplinary engineering and project management firm headquartered in Spain. With approximately 3,300 professionals operating in 21 countries, the company delivers innovative design, site supervision, and consultancy services across transportation, water, buildings & cities, and energy sectors. Ayesa Engineering is recognized for its technical excellence and ability to manage complex infrastructure projects for both public and private clients. Its approach combines deep sector expertise with a commitment to sustainability and cutting-edge solutions, making it a trusted partner in shaping the future of global infrastructure. For more information, visit http://www.ayesa.com


FAQ

What did Colliers (NASDAQ, TSX: CIGI) announce on May 27, 2026 about Ayesa Engineering?

Colliers announced it completed the acquisition of Ayesa Engineering, the engineering division of Ayesa Group. According to Colliers, this transaction adds a global multidiscipline engineering and project management platform and significantly expands its engineering segment’s scale and service capabilities worldwide.

Who is Ayesa Engineering and what services will it bring to Colliers (CIGI)?

Ayesa Engineering is a global multidiscipline engineering and project management firm headquartered in Seville, Spain. According to Colliers, Ayesa provides technical consulting services across four continents, including engineering, design, project management, and other technical services in property, infrastructure, water, and environmental end markets.

How does acquiring Ayesa Engineering change Colliers Engineering’s global footprint?

The acquisition expands Colliers Engineering to operations in 23 countries with over 11,000 professionals. According to Colliers, the addition of Ayesa’s more than 3,300 professionals firmly establishes its engineering business as a leading global consultancy with broader geographic reach and technical depth.

What does the Ayesa Engineering acquisition mean for Colliers (CIGI) shareholders?

The acquisition is intended to expand Colliers’ engineering scale and earnings resilience through a larger global platform. According to Colliers, Ayesa’s leaders retaining significant equity under its partnership model aligns operators for long-term growth and supports value creation across its engineering business.

In which regions will Colliers better serve clients after buying Ayesa Engineering?

Colliers expects stronger client service in Europe, Latin America, the Middle East, and South Asia. According to Colliers, Ayesa’s footprint and expertise in these high-growth markets will complement its existing engineering operations in the U.S., Canada, and Australia, broadening global capabilities.

What notable projects showcase Ayesa Engineering’s expertise now within Colliers (CIGI)?

Ayesa has worked on complex, high-profile projects like the Santiago Bernabéu Stadium transformation and major metro systems. According to Colliers, its portfolio includes hundreds of desalination and water distribution facilities in Saudi Arabia and metro projects including the Bogotá Metro in Colombia.

How does Colliers’ partnership model apply to the Ayesa Engineering acquisition?

Ayesa’s leadership team has retained significant equity in the business under Colliers’ partnership model. According to Colliers, more than 700 operators are partners in its engineering business, creating alignment, reinforcing an entrepreneurial culture, and supporting long-term growth objectives following the acquisition.