The American real estate giant JLL announced Wednesday that it is in the process of acquiring Israeli company Skyline AI. Both companies said that the deal is expected to be finalized soon after agreeing on conditions.

This will be JLL’s first acquisition in Israel. The Fortune 500 company made $16.6 billion in annual revenue in 2020 and operates in 80 countries, employing over 92,000 people. It is traded on the New York Stock Exchange with a valuation of about $12.5 billion.

Skyline AI uses artificial intelligence information and technologies and machine learning algorithms to process information quickly and generates operational insights for real estate experts.