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CBRE Announces Plans to Acquire Data Center Infrastructure Firm Onnec Group

Bisnow +1 ·

CBRE CBRE Group Inc
$134.23 +2.65%
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  1. 1CBRE announced plans to acquire Onnec Group Ltd.
  2. 2The $1 billion deal includes $610 million in cash from CBRE and up to $400 million in growth incentives for CBRE.
  3. 3Onnec's projected revenue for next year is approximately $500 million with core EBITDA exceeding $67 million.

So what's the key point?

CBRE has decided to purchase Onnec Group, a company that builds data center facilities. This $1 billion deal will help expand the scale of CBRE's business.

Source Bisnow +1 · View original ↗

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