CBRE agrees to buy Onnec Group for $610 million plus up to $400 million earnout
CBRE Group announced a definitive agreement to acquire Onnec Group Limited, a data center infrastructure services provider in Europe and Asia Pacific, for an initial cash price of £460 million (approximately $610 million), plus a multi-year earnout of up to £300 million (approximately $400 million) tied to growth thresholds. The company says the deal is immediately accretive to core earnings per share, and completion is expected around the end of 2026, subject to customary regulatory approvals.
Key points
- Initial cash purchase price of £460 million (approximately $610 million), with an earnout of up to £300 million (approximately $400 million) subject to Onnec meeting growth thresholds
- Onnec expected to generate approximately £370 million ($498 million) in revenue and more than £50 million ($67 million) of core EBITDA in 2027
- Onnec will join the Critical Infrastructure Services business line, which CBRE expects to generate nearly $4.5 billion of total revenue in 2027, including Onnec
- Transaction expected to be completed around the end of the year, subject to customary regulatory approvals
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.