CBRE Expands Critical Infrastructure Capabilities in Europe and Asia Pacific with Onnec Acquisition
CBRE Group (NYSE: CBRE) announced a definitive agreement to acquire Onnec Group Limited, a data center infrastructure services provider serving hyperscalers in Europe and Asia Pacific, for £460 million (~$610 million) in cash plus an earnout of up to £300 million. Onnec is expected to generate approximately £370 million in revenue and more than £50 million of core EBITDA in 2027, and the deal is expected to be immediately accretive to CBRE's core EPS. The acquisition folds into CBRE's Critical Infrastructure Services line, which the company expects to reach nearly $4.5 billion of 2027 revenue, with total infrastructure services revenue approaching $7.0 billion.
Key figures
- Deal Value Usd
- 610000000
- Earnout gbp
- up to £300 million
- Onnec employees
- 800
- Initial purchase price gbp
- £460 million
- Onnec 2027 revenue forecast
- £370 million ($498 million)
- Onnec 2027 core ebitda forecast
- more than £50 million ($67 million)
- Critical infrastructure revenue 2027
- nearly $4.5 billion
- Total infrastructure services revenue 2027
- nearly $7.0 billion
AI analysis
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