CoStar Acquires Emporis In Bid To Take Commercial Real Estate Data Empire Global
CoStar Group has made its second acquisition of the pandemic, this time buying a European commercial real estate data firm.

The D.C.-based commercial real estate data giant announced Tuesday it acquired Emporis, a Hamburg, Germany-based firm with data on 700,000 buildings across 100 countries.

It didn`t disclose the acquisition price, but CoStar CEO Andy Florance on the firm`s Q3 earnings call Tuesday evening described it as a minor deal.

“It’s in line with the coffee budget, and lately we haven’t been using much coffee here at CoStar," Florance said in response to an analyst`s question about the purchase price. "It’s a relatively small purchase price, small revenue stream.”
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- - Volume: 8 - WEEK: 45 Date: 11/3/2020 9:17:37 AM -