CBRE to acquire Onnec in a deal worth up to $1.01 billion
CBRE Group signed a definitive agreement to buy London‑based Onnec Group for an upfront cash payment of about $610 million and a possible earnout of $400 million, bringing the total consideration to roughly $1.01 billion. The acquisition, expected to close by the end of 2026 pending regulatory approvals, adds Onnec’s data‑center infrastructure capabilities in Europe and Asia‑Pacific to CBRE’s Critical Infrastructure Services line. CBRE forecasts that Onnec will generate $498 million of revenue and $67 million of core EBITDA in 2027, and that the deal will be immediately accretive to its core earnings per share.
Why it matters
The transaction expands CBRE’s global data‑center services platform, positioning it to capture growing demand for high‑density AI and cloud infrastructure. CBRE expects its combined infrastructure‑services business to reach nearly $7 billion in revenue by 2027, which could boost earnings for shareholders.
Key facts
- 1CBRE will pay an initial GBP 460 million (about $610 million) in cash. technode.global
- 2A multi‑year earnout of up to GBP 300 million (about $400 million) is tied to Onnec meeting growth thresholds. technode.global
- 3The total consideration could be approximately $1.01 billion. pulse2.com
- 4Onnec employs roughly 800 people and serves hyperscale technology customers in the UK, continental Europe and Asia Pacific. pulse2.com
- 5CBRE expects Onnec to generate about $498 million in revenue and $67 million in core EBITDA in 2027. technode.global
- 6The acquisition is expected to close around the end of 2026, subject to customary regulatory approvals. pulse2.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.