Einride AB Goes Public via Business Combination with Legato Merger Corp. III (NYSE/Nasdaq)

Einride to Acquire Flipturn in $38.4 Million All-Stock Deal to Expand Heavy-Duty EV Charging

July 21, 2026

Cloud & SaaS

Einride has entered into a definitive agreement to acquire Flipturn, a charging and energy management software developer for electric vehicle fleets, in an all-stock transaction valued at $38.4 million. The deal is expected to strengthen Einride’s U.S. operations by expanding Flipturn’s charging capacity and customer base, creating what Einride expects to become North America’s largest heavy-duty EV charging ecosystem.

Electra Vehicles to Merge With Iron Horse Acquisition II to Form Public AI Battery Intelligence Company

April 21, 2026

AI & Machine Learning

Electra Vehicles, Inc. agreed to merge with SPAC Iron Horse Acquisition II Corp. in a definitive business combination valued at $250 million+ to create a publicly traded pure-play AI battery intelligence company. The combined company is expected to operate as Electra AI, Inc. and remain listed on Nasdaq, with closing anticipated in the second half of 2026 subject to customary approvals and conditions.

EQT Infrastructure to Sell 30% Minority Stake in Nordic Ferry Infrastructure to Consortium

April 10, 2026

Transportation

EQT Infrastructure V (EQT) has signed an agreement to sell a 30% minority stake in Nordic Ferry Infrastructure (NFI) to a consortium led by Rederiaktiebolaget Gotland AB, alongside Interogo Infrastructure and Lægernes Pension. EQT will remain the majority owner after completion. The transaction is intended to broaden NFI’s investor base and support NFI’s next phase of development, including future fleet decarbonization and electrification investments, and selective growth.

Enghouse Systems Acquires Margento R&D d.o.o.

March 4, 2025

Software

Enghouse Systems Limited has acquired Margento R&D d.o.o., a Maribor, Slovenia-based provider of transit fare collection, account-based ticketing (ABT), automatic vehicle tracking and payment solutions. The acquisition expands Enghouse's European fare collection business and adds ABT, mobile ticketing and a MaaS backend to its transit solutions.

Allego N.V. Goes Public via Business Combination with Spartan Acquisition Corp. III

March 17, 2022

Energy

Allego N.V., a pan‑European electric vehicle charging network, completed a business combination with Spartan Acquisition Corp. III and began trading on the NYSE under the ticker ALLG following a transaction that provided approximately $161 million of gross proceeds (including a PIPE). Strategic partners including Fisker and Landis+Gyr and institutional investors (including funds managed by Apollo affiliates and ECP) participated in the PIPE; Meridiam rolled 100% of its equity and will remain the majority owner to support Allego's continued European expansion.

Embark Trucks to Go Public via Merger with Northern Genesis Acquisition Corp. II

June 23, 2021

Cloud & SaaS

Embark Trucks, an autonomous trucking software-as-a-service company, entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II (a SPAC) to become a publicly listed company. The deal is expected to provide approximately $614 million in gross cash proceeds, including cash in trust and a $200 million fully committed PIPE led by major anchor investors.