CBRE Buys Onnec in Up to $1B Data Center Services Deal

CBRE agreed to buy Onnec for £460M in cash, with up to £300M in earnouts. Onnec expects £370M revenue and £50M EBITDA in 2027, making the deal immediately accretive to CBRE's core EPS. The acquisition expands CBRE's data-center infrastructure capabilities in Europe and Asia Pacific. The transaction is subject to regulatory approvals and expected to close by year-end.

CBRE GROUP, INC. (CBRE) filed an SEC Form 8-K — Regulation FD Disclosure. Press Release FOR IMMEDIATE RELEASE For further information: Steve Iaco Chandni Luthra CBRE-Media CBRE-Investors 212.984.6535 212.984.8113 Steven.Iaco@cbre.com Chandni.Luthra@cbre.com CBRE Expands Critical Infrastructure Capabilities in Europe and Asia Pacific with Onnec Acquisit

CBRE Group agreed to acquire Onnec Group Ltd. for up to $1 billion. The deal will expand CBRE's data center infrastructure services in Europe and Asia Pacific, supporting global client needs, according to the company.

CBRE acquired Onnec Group, a data center equipment provider, for $610M in cash, with up to $400M more contingent on growth targets. Onnec will join CBRE's Critical Infrastructure Services, expected to generate $4.5B in 2027 revenue. CBRE aims to expand its global infrastructure services. The deal is expected to close by year-end.

CBRE will acquire Onnec Group for $610M in cash and up to $400M in growth incentives. Onnec, a data center infrastructure provider, is expected to generate $500M in revenue and $67M in core earnings in 2024. The deal expands CBRE's critical infrastructure services, which are projected to reach $4.5B in revenue next year.

CBRE (NYSE: CBRE) agreed to acquire Onnec for $610M, with a potential earnout of up to $1B. Onnec, a data center infrastructure services provider, will expand CBRE's global services. Onnec expects $498M revenue and $67M EBITDA in 2027. The deal is set to close by late 2026, pending approvals.