05:19 PM EDT, 10/08/2024 (MT Newswires) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI) announced after trade Tuesday that its Australian arm has acquired TTM Group Pty Limited, a transportation engineering consultancy headquartered in Brisbane, Queensland.

Colliers in a statement said the addition will augment Colliers Engineering's overall scale and add new traffic and transportation capabilities across Queensland, New South Wales, and Victoria. TTM's senior leadership team will become shareholders in the Colliers Engineering platform under Colliers' unique partnership model. The business will rebrand as 'Colliers Engineering & Design' and fully integrate into the rapidly expanding Colliers Engineering platform. Terms of the transaction were not disclose

CIGI rose $3.76 or 1.9% to $201.61 on the TSX today,