Acquisitions in Namur, Belgium

Turpaz Industries has acquired Belgian sweet flavours manufacturer Doucy for $8.5 million, with an additional contingent payment tied to Doucy's EBITDA through March 2027. The deal includes Doucy's production facility in Fernelmont, Belgium (sales of $5 million in 2024); Turpaz said the acquisition strengthens its sweet-flavours portfolio and Western European presence and was financed with bank debt.

ThetaRay has acquired Screena, a European provider of AI-driven name screening and entity-resolution technology, and will integrate Screena's cloud-based screening capability into its end-to-end financial crime detection platform. The deal expands ThetaRay's product suite for banks, fintechs and regulators by combining transaction monitoring, screening and customer risk assessment to improve detection accuracy and reduce false positives.

ThetaRay has acquired European AI-driven screening specialist Screena to integrate next-generation name screening and entity resolution into its cloud-based financial crime detection platform. The deal expands ThetaRay's capabilities across transaction monitoring, screening, and customer risk assessment, strengthening its offering to banks, fintechs and regulators.