CBRE Expands Critical Infrastructure Capabilities in Europe and Asia Pacific with Onnec Acquisition
Business Wire•20/10/2026•07:00 ET
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Key Highlights
- ➤CBRE agrees to acquire Onnec for £460 million upfront cash
- ➤Onnec earnout reaches £300 million, tied to growth thresholds
- ➤Onnec projects 2027 revenue of £370 million and core EBITDA above £50 million
- ➤CBRE expects Onnec acquisition to immediately accrete core earnings per share
- ➤CBRE targets nearly $7.0 billion in 2027 infrastructure services revenue
Expert Statements
Vikram Kohli, Chief Operating Officer of CBRE
“CBRE is pursuing an explicit strategy to build a global infrastructure services business to complement our real estate services business. We’ve long believed Onnec is an excellent fit in this strategy.”
Vikram Kohli, Chief Operating Officer of CBRE
“The acquisition is also consistent with our ongoing effort to build resilient businesses that benefit from secular tailwinds.”
Barry Horgan, Chairman of Onnec
“From day one, our focus has been on delivering exceptional connectivity solutions for our customers. As part of CBRE, we gain the platform and expertise to broaden our capabilities, creating even greater value for our clients, and provide new opportunities for our employees, while staying true to the customer-focused approach that has driven our success.”
CBRE Expands Critical Infrastructure Capabilities in Europe and Asia Pacific with Onnec Acquisition
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 world’s largest technology companies in Europe and Asia Pacific. The acquisition will significantly enhance CBRE’s ability to support its clients’ data center needs on a global basis.
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