CBRE · 8-K · 20261020PR426827
Acquisition / Partnership / Divestiture
CBRE GROUP, INC. · 2026-10-20 · Importance 65 · Surprise 60 · In source text
CBRE agreed to acquire Onnec Group Limited for an initial £460 million (approximately $610 million) in cash, with a multi-year earnout of up to £300 million (approximately $400 million) tied to growth thresholds. Onnec is expected to generate approximately £370 million ($498 million) in revenue and more than £50 million ($67 million) of core EBITDA in 2027, and the acquisition is expected to be immediately accretive to CBRE’s core earnings per share. CBRE expects its Critical Infrastructure Services line of business to generate nearly $4.5 billion of 2027 revenue including Onnec, while its other services businesses are expected to generate almost $2.5 billion of infrastructure services revenue, for nearly $7.0 billion total. Onnec’s approximately 800 employees serve technology companies across the United Kingdom, Continental Europe and Asia Pacific; the transaction is subject to customary regulatory approvals and is expected to close around year-end.
Key facts
- On October 20, 2026, CBRE announced a definitive agreement to acquire Onnec Group Limited. source
- CBRE agreed to pay an initial purchase price of £460 million (approximately $610 million) in cash for Onnec. source
- CBRE and Onnec agreed to a multi-year earnout of up to £300 million (approximately $400 million), subject to Onnec meeting certain growth thresholds. source
- The Onnec acquisition is expected to be immediately accretive to CBRE’s core earnings per share. source
- CBRE expects the Onnec transaction to be completed around the end of 2026. source
- CBRE stated that the Onnec transaction is subject to customary regulatory approvals. source
- CBRE stated that the Onnec acquisition is consistent with its strategy to build a global infrastructure services business alongside its real estate services business. source
- CBRE identified continued growth in clients’ need for Onnec’s services as a factor that could affect the acquisition’s results. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | CBRE agreed to pay an initial purchase price of £460 million (approximately $610 million) in cash for Onnec. |
| cash | negative | contingent | — | CBRE and Onnec agreed to a multi-year earnout of up to £300 million (approximately $400 million), subject to Onnec meeting certain growth… |
| liability | negative | contingent | — | CBRE and Onnec agreed to a multi-year earnout of up to £300 million (approximately $400 million), subject to Onnec meeting certain growth… |
| net_income | positive | probable | — | The Onnec acquisition is expected to be immediately accretive to CBRE’s core earnings per share. |