CBRE to Acquire London Data-Center Firm Onnec for $1 Billion
CBRE is trading near its 52-week low of $121.69 (7.5% above the low).
Summary
CBRE agreed to buy Onnec, a London-based data-center services company, for £460 million in cash plus up to £300 million in an earnout. The deal pushes the world's largest commercial real estate services firm deeper into data-center infrastructure, a segment drawing heavy capital as AI and cloud demand expands. Onnec provides data-center infrastructure services in Europe and Asia Pacific, adding technical services capability to CBRE's business. The announcement follows a strong Q2 in late July, when CBRE posted 30% Core EPS growth and 16% revenue growth, giving it room to fund acquisitions. Financing and expected closing date were not disclosed; watch for deal details and any impact on the 2026 outlook.
At the time of this announcement, CBRE was trading at $130.77 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $37.9B. The 52-week trading range was $121.69 to $174.27. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.