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  • Writer's pictureRealFacts Editorial Team

JLL enhances data center capabilities with strategic acquisition

Data center

In a strategic move to bolster its data center capabilities, JLL (NYSE: JLL) has announced the acquisition of SKAE Power Solutions (SKAE), a reputable provider of data center technical and project management services based in New York. The acquisition marks a significant step forward for JLL as it aims to expand its offerings and expertise across the entire lifecycle of data centers.

As data center demand continues to soar, fueled by the exponential growth of digital data and the increasing reliance on cloud computing, JLL recognized the need to enhance its services to meet the evolving needs of its clients. The agreement to acquire SKAE signifies JLL's commitment to providing comprehensive solutions and technical depth in the data center space.

Neil Murray, CEO of Work Dynamics at JLL, expressed enthusiasm about the acquisition, highlighting the importance of specialized expertise in managing and maintaining critical assets in the face of growing global data center demand. Murray stated, "With the continued growth of the global data center market, we’re seeing increased opportunity to deliver the specialized expertise required to manage and maintain these assets. This acquisition immediately enhances our ability to expertly support our client's data center solutions now and into the future."

JLL's recent Global Data Center Outlook underscored the profound impact of artificial intelligence (AI) and machine learning on data center design, site selection, and investment strategies. The report predicts a doubling of data generation over the next five years, driving data center storage capacity to unprecedented levels. SKAE's expertise in planning, engineering, installation, testing, maintenance, and operations of data centers perfectly aligns with JLL's vision to provide end-to-end solutions for its clients.

Sanjay Rishi, the Americas CEO of Work Dynamics at JLL, emphasized the strategic significance of the acquisition, stating, "SKAE will be key in scaling JLL’s capacity to meet clients' needs and accelerating our abilities in data center management." Rishi highlighted the synergy between SKAE's regional expertise and JLL's global reach, foreseeing a seamless integration that will enhance JLL's technical services capabilities.

In conclusion, JLL's acquisition of SKAE Power Solutions represents a strategic move to strengthen its position in the rapidly expanding data center market. With SKAE's technical prowess and JLL's global resources, the combined entity is poised to deliver unparalleled solutions and support to clients navigating the complexities of data center management in the digital age. This move signifies the bright future for data centers as a real estate asset across the U.S.

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