CBRE agrees to buy Onnec for initial £460 million in cash

Bitget2026/10/20 11:05

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CBRE agreed to acquire Onnec for GBP 460 million (approximately USD 610 million) in cash.
A multi-year earnout could add up to GBP 300 million (approximately USD 400 million), subject to growth thresholds.
Onnec’s projected 2027 revenue is approximately GBP 370 million, with core EBITDA exceeding GBP 50 million.
The data center infrastructure provider will join Critical Infrastructure Services, expanding its reach in Europe and Asia Pacific.
Closing is expected around year-end; the acquisition is expected to be immediately accretive to core earnings per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CBRE Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261020066142) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CBRE agrees to buy Onnec for initial £460 million in cash

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