CBRE to buy Onnec for £460M cash; up to £300M earnout, adds data‑center revenue and accretion

CBRE announced a definitive agreement to acquire Onnec for £460 million cash with up to £300 million in earnouts, immediately accretive to core EPS.

Key Highlights:

• Agreed to acquire Onnec Group for an initial £460 million (~$610M) in cash plus a multi‑year earnout up to £300 million (~$400M).
• Onnec expects ~£370 million (~$498M) revenue and >£50 million (~$67M) core EBITDA in 2027; deal is immediately accretive to CBRE core EPS.
• Onnec (≈800 employees) will join CBRE’s Critical Infrastructure Services, expanding data‑center infrastructure capabilities across Europe and Asia Pacific.
• CBRE projects nearly $4.5 billion in Critical Infrastructure Services revenue in 2027 including Onnec; total infrastructure services revenue est. near $7.0 billion.
• Transaction subject to customary regulatory approvals; expected to close around year‑end; J.P. Morgan and Simpson Thacher advise CBRE.

Original SEC Filing: CBRE GROUP, INC. [ CBRE ] - 8-K - Oct. 20, 2026