CBRE · News · 20261023N

Acquisitions and Partnerships

CBRE GROUP, INC. · 2026-10-23 · Importance 52 · Surprise 42

CBRE agreed to acquire Onnec Group Limited, a data center infrastructure services provider serving technology companies in Europe and Asia Pacific. The initial cash purchase price is £460 million (approximately $610 million), 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.

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