This Research Note examines the proposed acquisition of Onnec Group Ltd, a UK-headquartered provider of IT infrastructure solutions, announced by CBRE on 20th October 2026. We explore the transaction details and strategic rationale before providing a Memoori view of the Onnec brand, its repositioning as a data center technical systems integrator and the reshaping of CBRE’s smart building services encompassing critical infrastructure and data center solutions. Transaction Details CBRE Group announced a definitive agreement to acquire Onnec Group, a UK-headquartered provider of data center infrastructure services for large technology companies in Europe and Asia Pacific. The initial purchase price is £460 million (approximately $610 million) in cash. In addition, the parties have agreed to a multi-year earnout of up to £300 million (approximately $400 million), subject to Onnec meeting certain growth thresholds. The Onnec transaction is subject to customary regulatory approvals and is expected to be completed around the end of the year. CBRE said […]