From The Real Deal · TRD Staff · · 40s
CBRE expands data center control
CBRE acquires Onnec Group for $610m to dominate AI infrastructure.
In brief
CBRE acquires Onnec Group for $610m to dominate AI infrastructure. CBRE acquires Onnec Group for $610 million to control AI data center infrastructure. Originally reported by The Real Deal.
CBRE acquires Onnec Group
CBRE agreed to acquire London-based Onnec Group for $610 million in cash, with potential for an additional $400 million based on growth targets.
Onnec's role in AI infrastructure
Onnec installs and maintains cables and equipment racks within data centers for properties across Europe and Asia Pacific, enabling CBRE to control ai computing.
CBRE's data center growth
Data centers and infrastructure accounted for $450 million in CBRE revenue last year, expected to rise to $7 billion next year.
The headline
CBRE acquires Onnec Group for $610 million to control AI data center infrastructure.
