Global companies form strategic alliance
Dec 08, 2004
GE Commercial Finance, Global Electronics Solutions (GES) and Colliers International's Advanced Technology Real Estate Group (ATREG) have signed an agreement that will enable semiconductor and electronics manufacturers to comprehensively evaluate, acquire, or divest manufacturing facilities, real estate and equipment together for the first time.
Traditionally, companies have used these services separately. By combining them into one comprehensive solution and offering their full facility for sale as one package to potential buyers, companies will be able to gain higher financial returns on their real estate and assets.
Through this strategic alliance, GES values and finances manufacturing equipment for the semiconductor manufacturing, automated test, and printed circuit board assembly industries. ATREG values and sells advanced technology real estate; both as operational facilities with complete tool lines, and as surplus real estate with no tools included in the facility.
"To achieve the best financial return, it is critical for companies to take a comprehensive view of their assets," said Roger Innes, President and CEO of GES. "By working together with ATREG, we can now offer a comprehensive service of real estate and equipment expertise to the semiconductor and electronics industry that is a first for our industry."