CBRE agrees to acquire Onnec for up to £760 million

Oct 20, 2026
CBRE agrees to acquire data center infrastructure provider Onnec for an initial £460 million in cash, plus an earnout of up to £300 million.

CBRE agrees to acquire Onnec for an initial £460 million in cash, the company announced in a press release. The agreement also includes an earnout of up to £300 million, subject to Onnec meeting growth thresholds.

London based Onnec designs, deploys and maintains network, fiber and data center infrastructure. Its approximately 800 employees serve hyperscalers across the United Kingdom, Continental Europe and Asia Pacific. The company will join CBRE's Critical Infrastructure Services business.

CBRE expects Onnec to generate about £370 million in revenue and more than £50 million in core EBITDA in 2027. The transaction requires regulatory approval and is expected to close around the end of 2026.

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