UGL Limited (UGL) announced that its property services business, comprised of UGL Services (including the Unicco, Equis and Premas operations) and DTZ, will be united under a single global brand. Since 5 December 2011, when UGL acquired the trading operations of global real estate services company DTZ Holdings plc, the two companies have co‐branded as UGL Services and DTZ. The acquisition of DTZ has transformed UGL’s property services business into one of the world’s largest, integrated end‐to‐end providers of property services, operating across all key geographic regions with annual revenue of $2.0 billion.
UGL’s Managing Director & CEO, Richard Leupen said: “The new single brand represents a key milestone in the execution of our property services strategy and reflects the creation of a fully integrated, global company with a unique platform that is transforming the world of property services. “Retaining the DTZ name acknowledges the brand equity of DTZ, an iconic brand in property services with a legacy extending back to 1784, and capitalises on the broad market recognition of the specialist capabilities of DTZ. By combining the DTZ name with UGL’s corporate identity, the new brand captures the endorsement of UGL’s financial strength and reflects the company’s leading expertise in integrated facilities management.”
The rebranding of UGL’s property services business will result in a one‐off charge during the 2013 financial year of approximately $37 million, representing the carrying value of the acquired heritage brands of Unicco, Equis and Premas, in addition to the costs associated with the implementation of a comprehensive global rebranding programme.
UGL Limited (UGL) is a global leader in outsourced engineering, property services and asset management and maintenance delivering essential services that sustain and enhance the environment in which we live. UGL comprises three business units including Engineering, & Maintenance and Property providing services across the power, water, rail, resources, property, transport, communications and defence sectors. Headquartered in Sydney, Australia, UGL operates worldwide across 52 countries employing over 56,000 people. DTZ, a UGL company, is a global leader in property services. We provide occupiers and investors around the world with industry leading, end‐to‐end property solutions comprised of leasing agency and brokerage, integrated property and facilities management, capital markets, investment and asset management, valuation, building consultancy and project management. In addition, our award winning research and consulting services provide our clients with global and local market knowledge, forecasting and trend analysis to make the best long‐term decisions for their continuous success far into the future.