Corporate$CBRE2:33 AM ET

CBRE deepens data-center push with $1 billion Onnec acquisition

By BORSA NewsroomPublished Oct 21, 2026, 2:33 AM EDTUpdated Oct 21, 2026, 2:35 AM EDT

CBRE agreed to pay $610 million in cash plus up to $400 million in earnouts for London-based Onnec Group, which installs cabling and equipment racks inside data centers. The deal follows CBRE's 2024 purchase of Direct Line and reflects the real-estate firm's bet on AI-driven data-center growth.

Sentimentbullish 70

Bullish · 70 of 100

Impact60

medium · sector-wide

Confidence90%

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WHAT WE KNOW

CBRE agreed to pay $610M cash plus up to $400M earnout for Onnec Group