CBRE to acquire Onnec Group for up to £760M

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Go back to CBRE to acquire Onnec Group for up to £760M

CBRE Expands Critical Infrastructure Capabilities in Europe and Asia Pacific with Onnec Acquisition

October 20, 2026 7:00 AM EDT

DALLAS--(BUSINESS WIRE)--

CBRE Group, Inc. (NYSE: CBRE) today announced a definitive agreement to acquire Onnec Group Limited, a leading provider of data center infrastructure services for the worlds largest technology companies in Europe and Asia Pacific. The acquisition will significantly enhance CBREs ability to support its clients data center needs on a global basis.

The initial purchase price is £460 million (approximately $610 million) in cash. In addition, the parties have agreed to a multi-year earnout of up to £300 million (approximately $400 million), subject to Onnec meeting certain growth thresholds. Onnec is... More