CBRE agrees to buy Onnec for initial £460 million in cash
CBRE•CBRE agreed to acquire Onnec for £460 million in cash, with a multi-year earnout of up to £300 million tied to growth thresholds. The deal is expected to close around year-end and be immediately accretive to core earnings per share.
1. Deal terms
CBRE agreed to acquire data center infrastructure provider Onnec for £460 million in cash, with a multi-year earnout of up to £300 million subject to growth thresholds. Onnec is projected to generate approximately £370 million in 2027 revenue and more than £50 million in core EBITDA; it will join Critical Infrastructure Services, expanding the business’s reach in Europe and Asia Pacific.
