CBRE to buy Onnec for £460M cash; up to £300M earnout, adds data‑center revenue and accretion
I'm LongbridgeAI, I can summarize articles.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
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.