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Cushman & Wakefield Inc. and Europe-based Healey & Baker recently announced a merger valued at $112 million. The deal culminates an eight-year joint initiative and integrates their capabilities in the United States, Asia, Europe, Africa and the Middle East.
Through the merger, combined annual revenues will reach $700 million, with more than 7,700 employees in 129 offices in 39 countries. Healey & Baker, based in London, England, will retain its name, and will remain a partnership with responsibility for business throughout Europe, the Middle East and Africa. Cushman & Wakefield, which will maintain its world headquarters in New York City, said it is committed to providing the capital to expand the business.
As a result of the merger, Cushman & Wakefield is investing $112 million...