Acquisitions in Germany

TransPerfect acquired Omnimago GmbH, a German film restoration and post-production studio. Omnimago will join TransPerfect Media, expanding TransPerfect’s studio footprint in Germany and strengthening its broader European restoration and post-production capabilities. Financial terms were not disclosed, and Omnimago will continue operating from its headquarters in Ingelheim.

MazeMap, a Norway-based wayfinding and space intelligence software provider, acquired Thing Technologies GmbH, the company behind the Thing-it workplace platform. The deal combines MazeMap’s indoor navigation and spatial data capabilities with Thing Technologies’ workplace space booking and utilization analytics, expanding the offering under the MazeMap Workplace brand. Following the transaction, Thing Technologies GmbH was renamed to MazeMap GmbH, with founder Klaus Berberich leading MazeMap Workplace as general manager.

Arthur J. Gallagher & Co., through its claims and risk management solutions subsidiary Gallagher Bassett, has acquired Bremen, Germany-based Reck & Co GmbH. Reck & Co is a specialist provider of global transport and marine claims services (including surveying, claim handling, recovery and loss prevention), and will strengthen Gallagher Bassett’s marine and transport claims capabilities across Europe. Financial terms were not disclosed, and the Reck & Co team will remain in Bremen under existing local leadership.

Banyan Software announced the acquisition of Gini, a Munich-based provider of AI-powered document intelligence and payment solutions for banks, insurers, and e-commerce businesses. Gini will continue to operate independently with its leadership, brand, and product roadmap intact, while Banyan provides long-term operational support and capital to fund product development and market expansion.

Clariness and SubjectWell announced a merger to create a global, full-service patient recruitment platform for clinical trials, with the combined business operating under the Clariness name. The transaction was led by WindRose Health Investors, which had previously acquired SubjectWell in April 2024; advisors included Fairmount Partners for Clariness and Stout for SubjectWell and WindRose.

Sword Health acquired Kaia Health for $285 million to expand Sword’s AI Care platform and Kaia’s digital musculoskeletal (MSK) and pulmonary care footprint. The deal expands Sword’s U.S. reach by transitioning Kaia’s U.S. clients and members onto Sword’s platform and provides entry into Germany through Kaia’s presence in the country’s digital health reimbursement pathway covering 70+ million people.

ActivumSG completed a majority acquisition of Centralis, a serviced apartment real estate platform focused on the German market. The transaction positions ActivumSG as the controlling investor in Centralis and supports further growth of the platform in Germany.

Mindgruve acquired Hamburg-based commerce agency Ameo to accelerate its European expansion and strengthen its international retail media and cross-border commerce capabilities. Ameo is known for Amazon advertising, Amazon Marketing Cloud expertise, and analytics services across Europe, and its capabilities are expected to enhance Mindgruve’s Sightline measurement and business intelligence platform. Financial terms were not disclosed, and Ameo founder Sönke Hansen will join Mindgruve as SVP of Commerce for Europe.

Crescent Capital Group’s European Specialty Lending strategy provided financing to support a buy-and-build consolidation in the trenchless pipe rehabilitation market led by Apheon and the founders of several Germany-based businesses. The transaction combines IMS Group, resinnovation, Polypipe, Amex Sanivar, Hurricane Trenchless Technologie, and Kardiam into a single integrated platform serving professional contractors, with additional capital committed for future add-on acquisitions.

goFLUENT acquired the business operations of Germany-based Learnship Networks GmbH to expand and consolidate its enterprise corporate language training and standardized language assessment offerings. The deal adds more than 500 language trainers to goFLUENT’s global network and brings Learnship’s German multinational customer base onto goFLUENT’s AI-powered, digitally delivered training platform with enterprise HR/L&D integrations.

Crossware, a New Zealand-based email signature software provider, acquired Germany-headquartered CI Solutions GmbH in a multimillion-dollar deal to expand its footprint across the European Union. The combined group will process more than five million emails per day, strengthening Crossware’s position as a large global provider of cloud-based enterprise email signature management with an emphasis on compliance, security, and governance.

Collaboration.Ai, an AI-powered software and services company, acquired innosabi GmbH, a global innovation management platform provider. The deal expands Collaboration.Ai’s AI-based innovation management capabilities across the full innovation lifecycle and adds scale to its NetworkOS and CrowdVector offerings. Financial terms were not disclosed, and innosabi will continue serving its global customer base under the new ownership.

Geiger GmbH acquired two German promotional products specialists, S&P Werbeartikel (Düsseldorf) and UP Werbemittel (Münster), effective January 2026. The acquisitions expand Geiger’s European presence and are expected to integrate the targets into Geiger’s German headquarters in Senden and its global systems and infrastructure to support customer service, growth, and long-term stability.

Linamar Corporation completed its previously announced acquisition of Georg Fischer’s Leipzig facility in Germany for €45 million (reported as roughly $72 million). The Leipzig plant is a technology leader in ductile iron castings, with capabilities spanning prototyping and 3D printing through series production and machining, and is expected to support Linamar’s growth in complex cast components across multiple end markets.

Comply365, a portfolio company of Insight Partners and Liberty Hall Capital Partners, acquired MINT Holding GmbH, a provider of aviation training and resource management software. The deal expands Comply365’s aviation training management capabilities and supports development of its next-generation AI-powered TrainingManager365 solution that connects operations, safety, and training management.

GSG GENII Software Group GmbH (GENII) acquired Jarosch & Haas GmbH, a family-run provider of software solutions for public transport. The deal expands GENII’s offering for public-sector customers and strengthens its presence in the European market, adding capabilities across ticketing, revenue management, apps, web shops, and inspection systems for transport and mobility providers.

Remazing Group acquired Namox, a Dresden-based Amazon agency, to expand its European online marketplace services capabilities. Namox brings expertise in Amazon content production, brand store creation, PPC/DSP advertising, and international marketplace expansion, adding around 40 brands to the group’s portfolio and supporting further growth through shared technology and centralized functions.

Atlassian specialist SWNetwork has joined the Communardo Group to strengthen Communardo’s DevOps capabilities and expand consulting and solution development for modern software development teams. The transaction supports Communardo Group’s growth strategy, which is backed long-term by funds advised by BU Bregal Unternehmerkapital.

LearnUpon, a Dublin-headquartered learning technology company, has acquired Courseau, an AI-assisted course authoring and learning content creation platform founded in Berlin in 2023. The deal expands LearnUpon’s AI-driven learning creation capabilities by combining LearnUpon’s learning delivery infrastructure with Courseau’s AI-native authoring technology, with full integration expected in early 2026.

ITT Inc. announced that its Svanehøj business has acquired Köhler & Hörter GmbH (KOHO), a family-owned compressor manufacturer based in Hagen, Germany. The deal expands Svanehøj’s marine and gas-handling portfolio beyond cryogenic pumps into reciprocating compressor systems used for demanding gases such as hydrogen and hydrocarbons, strengthening its offering for liquefied-gas and energy-transition applications.

International Wire Group (IWG), an Olympus Partners portfolio company, acquired EMS Elektro Metall Schwanenmühle GmbH (EMS). Headquartered in Horbach, Germany, EMS engineers and manufactures customized busbars used in electrical power generation, transmission, distribution, and storage, expanding IWG’s geographic presence in the electrical infrastructure ecosystem.

Xantaro Group acquired anykey GmbH, an IT systems company founded in 1999 and headquartered in Troisdorf, to expand its IT infrastructure, security, and data center solutions across Germany and Europe. anykey will continue operating under its existing brand name (now with the descriptor “Xantaro Group”), with Managing Director Stephan Wirtz remaining in his role, while benefiting from Xantaro’s broader networking and SOC capabilities.

Asolvi, a European provider of field service management (FSM) software, acquired Hamburg-based Foxtag GmbH to strengthen its position in the fire and security market across Europe. Foxtag will be integrated into Asolvi’s portfolio to deepen product capabilities and expand Asolvi’s presence in Germany and the broader European region. The acquisition is Asolvi’s sixth deal under Volpi Capital’s ownership.

ParkHelp, a global provider of parking guidance solutions, has acquired Cleverciti Systems GmbH, an AI-powered curb management and on-street parking guidance company. The deal combines ParkHelp’s off-street parking guidance and signage offerings with Cleverciti’s AI-enabled curbside detection, guided enforcement tools, and digital signage to form a unified, cloud-based platform for managing parking and curb space across indoor/outdoor and on-street/off-street environments. Cleverciti will operate as a wholly owned subsidiary of ParkHelp and its team will remain in place.

OrbitsIQ Global, a telecommunications company specializing in satellite and terrestrial network integration, acquired UNIO Enterprise, a Munich-based provider of broadband connectivity solutions combining space-based and terrestrial (4G/5G) networks. The deal aims to strengthen multi-band mobility connectivity and telematics capabilities across sectors such as automotive, maritime, and aviation. Financial terms were not disclosed.

QualityHosting, a Microsoft Cloud Solution Provider (CSP) headquartered in Gelnhausen, Germany, secured a strategic growth investment from PSG Equity. The partnership is intended to accelerate QualityHosting’s organic and inorganic growth, expand its Microsoft cloud and managed services offerings (Microsoft 365 and Azure), and deepen capabilities in areas including AI and security for SMB customers and partners.

Anzu Partners announced that ExOne Global Holdings has combined ExOne and voxeljet under a unified holding structure. The two industrial additive manufacturing businesses will integrate operations to broaden product offerings, expand aftermarket support, and enhance global printing services across multiple operating subsidiaries.

LegalOn Technologies, a legal AI platform provider, announced its first acquisition: governance AI company Fides Technology GmbH. The deal expands LegalOn’s capabilities into governance, board, and legal entity management, creating a unified system of record for in-house legal teams across contracts, matters, entities, and boards. Fides will continue to be offered as a standalone product while being integrated into the LegalOn platform; Fides’ Munich-based leadership team will remain in place.

CUBE, a London-based regulatory intelligence and change management provider, has acquired Berlin-headquartered Kodex AI to expand its AI capabilities for compliance and risk management in the financial industry. The deal adds agentic AI “co-worker” functionality to CUBE’s RegPlatform and brings Kodex AI’s Berlin team into CUBE; transaction terms were not disclosed.

athagoras acquired DiaMed Beratungsgesellschaft für pharmazeutische Unternehmen mbH (DiaMed), a German consultancy specializing in Regulatory Affairs and Pharmacovigilance for pharmaceutical companies. The acquisition expands athagoras’ life sciences services footprint in Germany and strengthens its RA/PV cluster alongside group companies including CSO Pharma and S-Cubed.

ASSA ABLOY acquired Kentix GmbH, a German designer and manufacturer of monitoring and access control products for data centers. Kentix will join ASSA ABLOY’s EMEIA Division within the Digital & Access Solutions segment, expanding ASSA ABLOY’s capabilities in the fast-growing data center security market. Kentix, founded in 2008 and headquartered in Idar-Oberstein, Germany, reported about EUR 8 million in 2024 sales and the acquisition is expected to be accretive to EPS from the start.

Agilyx ASA completed an investment to acquire approximately 44% of GreenDot Global S.à r.l., following approvals and satisfaction of closing conditions. The transaction included a capital increase in GreenDot and formed part of a EUR 27 million funding round, with Agilyx contributing EUR 7 million. The investment is intended to strengthen Agilyx’s European presence and support GreenDot’s expansion of plastic recycling feedstock sourcing and recycling operations across Europe.

zvoove, a provider of software and AI solutions for the staffing, security, and cleaning industries, acquired Germany-based adata Software GmbH, a payroll and financial processes software specialist. The deal expands zvoove Clean’s offering by integrating adata with the fortytools facility management solution to deliver an end-to-end, fully cloud-based platform covering workforce planning, time tracking, and payroll for the German facility management/cleaning sector.

Astronics Corporation acquired Bühler Motor Aviation (BMA) from Bühler Motor Group in an all-cash transaction. Headquartered in Uhldingen-Mühlhofen, Germany, BMA manufactures aircraft seat actuation systems and related components, and the deal is intended to strengthen Astronics’ motion control solutions for commercial aircraft seating.

INVISION and PINOVA acquired Utimaco’s Telecom Solutions division (UTS), a carve-out business focused on lawful interception regulatory solutions for telecom operators, including its Lawful Interception Management System (LIMS). The transaction closed on September 30, 2025 following regulatory approval, with the carved-out business operating independently as of October 1, 2025.

The synava Group, an alliance of healthcare IT companies backed by BU (Bregal Unternehmerkapital), has added IT-Choice to its group. IT-Choice is a German provider of oncology (tumor) documentation software, best known for its ONKOSTAR system used for patient data collection and cancer registry reporting. The combination expands synava’s footprint from its radiology core into oncology and supports joint product development and growth.

Humanetics completed the merger of mg-sensor GmbH into its operations, uniting mg-sensor and Humanetics Europe GmbH under the Humanetics Europe GmbH name. The integration combines mg-sensor’s specialized sensor technology for vehicle safety systems with Humanetics Europe’s crash test dummy and instrumentation expertise to streamline operations and strengthen development of automotive safety technologies.

Levine Leichtman Capital Partners (LLCP) entered into a partnership with ENTRO Service GmbH’s founders and management team to acquire a majority stake in the company; financial terms were not disclosed. ENTRO, headquartered in Hamburg, Germany, provides testing, inspection, repair, and installation services for entrance, fire safety, and access control systems, serving 4,500+ customers via 16 locations nationwide.

PHARMSOFT Dr. B. Rodust GmbH, a provider of pharmacovigilance (PV) databases and PV services, is being integrated into the CERTANIA Group to strengthen CERTANIA’s life sciences portfolio. Following the transaction, PHARMSOFT will work closely with CERTANIA portfolio company SocraMetrics GmbH to combine PV software and services capabilities, including PHARMSOFT’s validated PV database saphëus.

Voilàp Group, an Italy-based multinational specializing in smart industrial systems, announced the acquisition of Germany-based Stürtz Group, a leader in automated PVC processing machinery for window and façade production. The deal expands Voilàp’s smart factory and high-end machinery portfolio, with Stürtz continuing as an independent brand and organization and its international subsidiaries included in the transaction.

Planethic Group AG (formerly Veganz Group AG) has agreed to acquire 100% of IP Innovation Partners Technology GmbH, a technology spin-off from IP Innovation Partners GmbH. The €3.0 million purchase price will be paid via 200,000 Planethic shares, and the deal is intended to bring 2D printing machine IP and know-how for beverage and food production in-house and reduce costs.

Rensa Filtration, backed by Audax Private Equity, completed the acquisition of Germany-based IREMA-Filter GmbH and its U.S. subsidiary Aeolus Filter Corporation. The deal expands Rensa’s European footprint and adds IREMA’s advanced microfiber/nanofiber filter media technology along with Aeolus’s North Carolina-based filter fabrication presence serving data center and healthcare applications. Financial terms were not disclosed.

NiCE (NASDAQ: NICE) announced it has successfully closed its acquisition of Cognigy after receiving all required regulatory approvals. The deal combines Cognigy’s enterprise conversational and agentic AI with NiCE’s CXone Mpower CX AI platform to accelerate AI adoption in customer experience, with Cognigy available both within CXone Mpower and as a standalone offering.

WorkGenius acquired the remaining 49% stake in Futurepath GmbH from CARIAD SE, Volkswagen Group’s automotive software company, giving WorkGenius full ownership of Futurepath. WorkGenius previously held a 51% stake in Futurepath via its August 2023 acquisition of Expertlead. Futurepath will continue operating as a standalone brand and remain a strategic sourcing partner to CARIAD and Volkswagen.

Roqad acquired Zeotap-Data, Zeotap’s third-party audience business, for an undisclosed amount. The combination is intended to expand privacy-compliant identity resolution and audience activation for digital advertisers, leveraging Zeotap-Data’s third-party segments and integrations with platforms such as Amazon DSP, The Trade Desk, and Adform. Zeotap-Data will continue operating as a third-party data provider under the Roqad brand and the businesses plan to retain all current staff while expanding headcount in the UK and Germany.

High Tide Inc. completed the acquisition of a 51% equity interest in Remexian Pharma GmbH for an estimated €26.4 million (subject to finalization after the closing balance sheet). The consideration included €7.65 million in cash, a €7.65 million seller loan, and 5,864,373 High Tide shares valued at €11.1 million; High Tide also received a five-year call option (and granted a put option) relating to the remaining 49% after 24 months.

Funds managed by Triton sold their remaining shares in RENK Group AG, completing Triton’s full exit after a five-year ownership period. Triton originally carved RENK out from Volkswagen in 2020 and remained a shareholder following RENK’s February 2024 IPO on the Frankfurt Stock Exchange. The announcement does not disclose the buyer(s) of the remaining shares.

Razor Group (Whele, LLC), a Berlin-headquartered consumer goods holding company focused on acquiring and scaling e-commerce brands, announced a merger with Infinite Commerce, an e-commerce marketplace consumer products developer and seller. The combined company will operate under the Razor brand, with headquarters in Berlin and Boston, and will position the business as a leading consolidator in the Amazon FBA (FBA aggregator) space.

Astorg made an investment in ATTIKON Finanz AG, a German commercial insurance brokerage platform headquartered in Düsseldorf. The founders, management team, and other significant shareholders—including Sigla—will remain invested, with Astorg partnering alongside Sigla to support ATTIKON’s growth, digitization, and acquisition strategy.

Comply365, LLC, a portfolio company of Insight Partners and Liberty Hall Capital Partners, acquired Beams Technology GmbH, an AI provider focused on aviation safety risk management. The deal is intended to accelerate Comply365’s AI strategy and development of an AI-powered platform spanning operations, safety, and training management, leveraging Beams’ Safety AI capabilities and its prior integration partnership with Comply365 subsidiary ASQS.

Chemservice, a regulatory compliance specialist for the chemical industry, entered into a strategic partnership with European private equity firm Waterland. Chemservice founder and CEO Dr. Dieter Drohmann and managing director Doris Peters will retain significant minority stakes and continue to lead the business. The partnership aims to accelerate growth and international expansion through organic initiatives and targeted M&A in a fragmented market.

StatLab Medical Products completed the acquisitions of Germany-based Histoserve GmbH and Diapath France SAS to expand its direct commercial presence across major European pathology markets. The transactions include purchasing the remaining ownership stakes, fully integrating Histoserve and Diapath France into StatLab’s Diapath business and supporting broader direct sales coverage in Germany and France alongside existing operations in Italy and the UK.

The Middleby Corporation acquired Oka-Spezialmaschinenfabrik GmbH & Co. KG (Oka), a designer and manufacturer of industrial bakery, confectionery, and pet-food production equipment. Based in Darmstadt, Germany, Oka adds extrusion, molding, depositing, and cutting capabilities to Middleby Food Processing and is expected to support cross-selling and expansion beyond the German market.

Carlyle announced an investment in Ingentis Group, a provider of organizational charting, organizational design, and analytics software. Ingentis’ current management team will reinvest significantly and continue to lead the company. Existing investor Maguar Capital Partners is exiting as part of the transaction.

ZAPI GROUP announced it has acquired a majority of Stercom Power Solutions, a Germany-based provider of intelligent charging and energy storage systems. The deal expands ZAPI GROUP’s electric-drive charging portfolio and technical capabilities, including high-voltage onboard charging and energy storage systems. Stercom Power Solutions will continue to operate as an independent entity in Bavaria, Germany, aligned with ZAPI GROUP.

Carrier Global Corporation acquired Blaich Automation GmbH to operate it as an Automated Logic field office, establishing Automated Logic’s first owned controls field office in Germany. Blaich Automation provides custom-engineered building and industrial control/automation systems used in mission-critical environments such as data centers, pharmaceuticals, and industrial facilities, expanding Carrier/Automated Logic’s intelligent building automation capabilities in Central Europe.

bluu unit, a Triton Smaller Mid-Cap Fund II portfolio company, acquired Germany-based ACI Group and Heuberger Kälte Klima GmbH to expand its nationwide alliance in sustainable refrigeration, air conditioning, and ventilation technology. The acquisitions strengthen bluu unit’s regional presence, adding ACI’s refrigeration/HVAC/electrical engineering capabilities and Heuberger’s commercial refrigeration and CO₂/natural refrigerant expertise. Financial terms were not disclosed.

Lyft, Inc. announced it has completed its acquisition of FREENOW, creating a top global multi-mobility app. The combination expands Lyft’s footprint and enables riders and drivers to access and increasingly roam across both networks in North America and Europe.

Dataciders Group, a provider of Data & AI solutions in the DACH region backed by Rivean Capital, acquired IT services provider integration-factory. The deal is Dataciders’ fifth add-on acquisition since Rivean Capital’s entry in January 2024 and is intended to strengthen Dataciders’ capabilities in data platforms, data governance, master data management, and automation-enabled data integration and analytics.

RESVION, a Frankfurt-based investment company focused on special situations and growth, acquired 100% of the shares of Tremonia Mobility GmbH, a leading German minibus manufacturer based in Dortmund. The shares were purchased from AEQUITA, which had previously implemented Tremonia Mobility’s carve-out from Daimler Buses. RESVION plans to accelerate Tremonia Mobility’s growth and expansion across Europe, including its low-emission and battery-electric minibus offerings.

Sdui Group, a European provider of cloud-based administrative software for K-12 schools, raised a growth investment led by Bain Capital’s Tech Opportunities fund. Existing investors HV Capital and High-Tech Gründerfonds (HTGF) also participated. The funding will be used to enhance Sdui Group’s product offerings and support expansion toward becoming a unified digital platform for education across Europe.

myneva Group, a social-sector software provider backed by Summa Equity, has acquired Kuidado GmbH, the developer of the AI-powered patient-admissions CRM product CareMates. The acquisition brings Kuidado’s CareMates team and founders into myneva and will integrate CareMates with the myneva care platform while continuing to offer it as a standalone product.

maxon Group, a Swiss provider of high-precision drive systems, acquired a minority stake in Synapticon, a German intelligent motion control solutions company. The strategic partnership will focus on jointly developing high-performance drive solutions with integrated functional safety for applications such as robotics, intralogistics, medical technology, and industrial automation.

Neo Space Group (NSG), a Public Investment Fund (PIF) company, has completed its previously announced acquisition of UP42 GmbH, an Earth Observation (EO) and geospatial platform. UP42 was previously owned by Airbus Defence and Space GmbH and is now formally integrated into NSG following the initial announcement in December 2024. The deal is intended to expand NSG’s geospatial capabilities and support UP42’s international growth and innovation.

SAI360, an integrated risk and compliance software provider backed by STG, has acquired Germany-based Lawcode GmbH, the creator of the Hintbox whistleblower hotline and case management platform. The acquisition is intended to modernize legacy U.S. hotline case management and reporting with Hintbox’s no-code, mobile-first platform featuring multilingual support, anonymous two-way communication, and AI-enhanced workflows. Financial terms were not disclosed, and Lawcode will continue operating independently in Europe under the Hintbox and Lawcode brands.

DMC Production acquired 100% of Plazamedia from Sport1 Media (a subsidiary of Highlight Communications), with financial terms undisclosed. In a separate transaction, DMC Production also acquired RT1.TV mobile.production from rt1.media group. Following the acquisitions, Plazamedia and RT1.TV will be merged and relaunched as DMC Production Germany to expand DMC’s live production and broadcast services footprint in the German-speaking market.

Z2Data, a supply chain risk management solutions provider headquartered in Santa Clara, California, has acquired AMSYS, a German life cycle management and compliance data automation specialist with a subsidiary in Romania. The deal expands Z2Data’s European presence and integrates AMSYS’s Life Cycle Management (LCM) Client into Z2Data’s platform to enhance component-level obsolescence, compliance, and supply chain risk intelligence.

NIIT Learning Systems Limited (NIIT MTS) has completed the acquisition of Munich, Germany-based MST Group via its wholly owned subsidiary NIIT (Ireland) Limited for €22.37 million (subject to adjustments). The deal expands NIIT MTS’ managed learning services footprint in Europe’s DACH region and adds MST Group’s QuickStart Learning Academy capabilities powered by the exTra platform, strengthening coverage in automotive, industrial, and energy sectors.

HR Path, a global HR consulting and HRIS solutions provider, announced the acquisition of HORN Payroll Company GmbH. The deal expands HR Path’s outsourcing capabilities and presence in Germany by adding HORN’s payroll outsourcing and interim services expertise.

INNO FRICTION GmbH acquired the Industrial Friction Materials division of TMD Friction Services GmbH, including the COSID brand, effective July 1. The deal expands INNO FRICTION’s product portfolio in industrial friction linings and related applications and strengthens its position in the European market. The acquired division’s machinery and equipment are to be relocated from Coswig to INNO FRICTION’s headquarters in Hamm/Sieg.

Allegion plc, through a subsidiary, completed the acquisition of ELATEC (including Elatec GmbH and other group entities) from Summit Partners. The deal was valued at €330 million on a cash-free, debt-free basis.

Fosun International completed the sale of its 99.743% stake in German private bank Hauck Aufhäuser Lampe Privatbank AG (HAL), held via Bridge Fortune Investment S.à r.l., receiving approximately EUR 670 million in consideration at closing on June 30, 2025. Fosun fully exited HAL’s banking business but retained ownership of its Luxembourg-based asset servicing business, Hauck & Aufhäuser Fund Services S.A. (HAFS), which will continue collaborating with HAL post-close.

Accenture acquired SYSTEMA, a Dresden, Germany-headquartered provider of manufacturing automation software solutions and consulting services, strengthening Accenture’s Industry X capabilities for semiconductor and other high-tech manufacturers. SYSTEMA’s team of 240+ employees will join Accenture, expanding expertise in connecting legacy production equipment and enhancing manufacturing execution systems with analytics and optimization. Financial terms were not disclosed.

Envoy Global announced that its U.S. affiliate law firm, Corporate Immigration Partners, P.C. (CIPPC), has acquired Offer & Mastmann Rechtsanwälte PartG, a German corporate immigration law firm headquartered in Frankfurt am Main. The deal expands Envoy Global’s legal immigration capabilities in Germany and deepens its global corporate immigration services offering.

LICORbio announced the acquisition of SERVA Electrophoresis, a privately held supplier of electrophoresis reagents, consumables, and workflow instrumentation. The deal expands LICORbio’s electrophoresis portfolio and strengthens its end-to-end protein analysis workflow offering by combining SERVA’s electrophoresis technologies with LICORbio’s imaging and quantification platforms. SERVA’s Heidelberg site will be maintained as integration begins immediately.

Southworth International Group, Inc. (SIGI), a global provider of ergonomic material handling solutions, acquired Gruse Maschinenbau GmbH & Co., a German manufacturer of engineered and customized industrial lifting solutions. The transaction expands SIGI’s capabilities in Europe and strengthens its global material handling offering.

NPM Capital has agreed to acquire a majority stake in Elbfrost, a Germany-based food distributor and logistics service provider, becoming a new shareholder alongside the company’s management. The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals, and is intended to support Elbfrost’s organic growth and future acquisitions.

SYNQONY GmbH, a portfolio company of LEA Partners GmbH, acquired ZEDAL AG, a provider of electronic waste documentation systems in German-speaking countries. Following the acquisition, InfoTech Software GmbH, a wholly owned subsidiary of SYNQONY, will continue ZEDAL’s operations and primary business activities previously carried out by ZEDAL’s former parent company.

zvoove acquired tutum’s digital personnel file product segment serving temporary staffing agencies, adding audit-compliant document management, workflow, and document recognition capabilities. The acquired solutions will be continued under the new name zvoove DMS+ as a premium product within zvoove’s portfolio, alongside the onboarding of key tutum employees to support integration and further development.

zvoove, a cloud software provider focused on temporary staffing, cleaning and security services, acquired tutum’s digital personnel file/document management product segment built for temporary staffing agencies. The acquired solutions will be continued and marketed as zvoove DMS+, strengthening zvoove’s premium offering for audit-compliant digital document management, workflows and document recognition in the staffing sector.

Dover Corporation acquired ipp Pump Products GmbH ("ipp"), a Germany-based manufacturer of sanitary (hygienic) pump technologies. Following the acquisition, ipp will operate within Dover’s Pump Solutions Group (PSG) in the Pumps & Process Solutions segment, expanding Dover’s hygienic pump capabilities for end markets including food & beverage, cosmetics, and pharmaceuticals. Financial terms were not disclosed.

Therme Group and CVC signed a strategic joint venture, Therme Horizon, valued at over €1 billion to expand Therme’s urban wellbeing destination platform. Upon closing (expected in the second half of 2025), the parties will be equal partners in a new holding company comprising Therme Erding (Germany) and Therme Bucharest (Romania), with CVC also co-investing in the development of Therme Manchester.

Geiger GmbH, the Germany-based subsidiary of Lewiston, Maine-headquartered promotional products distributor Geiger, has acquired SOESTMEDIA, a promotional products distributor in Soest, Germany. The transaction represents Geiger GmbH’s first acquisition since joining Geiger in July 2024 and supports Geiger’s continued European expansion. SOESTMEDIA’s owner, Marita Kempchen-Bock, sold the business as she approaches retirement.

Great Point Partners acquired a majority stake in Eutecma, a Germany-based developer of sustainable, reusable temperature-controlled packaging for pharmaceutical cold chain shipments. The investment is intended to support Eutecma’s global expansion, including growth in the United States. In connection with the partnership, Eutecma also acquired Resolvision, its proprietary re-use machine technology used at its Refreshment Centers.

Dover Corporation completed its previously announced acquisition of SIKORA AG. SIKORA will become part of Dover’s MAAG operating unit within Dover’s Pumps & Process Solutions segment.

Great Hill Partners agreed to make a majority investment in Peter Park System GmbH, a Munich-based provider of digital parking solutions. The family office of ARBAnova Familienstiftung will also make an additional minority investment, while CEO/co-founder Maximilian Schlereth and the founding management team will roll over equity and continue to lead the company.

Banyan Software has acquired star/trac supply chain solutions GmbH, a Munich-based provider of intelligent yard and transport management software for chemical, industrial, and logistics customers. star/trac was previously a member of the Barkawi Group, and the acquisition is intended to support continued growth and product innovation in Germany and across Europe.

Topgolf Callaway Brands Corp. completed the sale of its Jack Wolfskin business to ANTA Sports for $290 million, subject to customary closing adjustments. The transaction closed effective May 31, 2025, as Topgolf Callaway refocuses on its core businesses and financial flexibility ahead of a planned separation of Topgolf.

ITAB Group acquired all shares of Signatrix GmbH, a Retail AI technology startup, purchasing the remaining 82% after taking an approximately 18% minority stake in May 2024. The deal deepens the companies’ partnership around in-store AI and ITAB’s OnRed platform to help retailers reduce shrink, improve operations, and enhance customer experience across thousands of stores in Europe.

Circus SE, an AI-robotics technology company focused on the food service industry, announced the successful acquisition of agentic AI company FullyAI. FullyAI will serve as Circus’ core intelligence layer across its robotics and software stack, enabling capabilities such as voice ordering, real-time operational decision-making, predictive maintenance, and personalized user experiences. The deal terms include the issuance of 400,000 new Circus shares with a 36-month lock-up, with legal implementation steps expected to complete by end of June.

ASSA ABLOY acquired TeleAlarm Group, a Germany-based European provider of remote care technology combining hardware and software solutions that support independent living across social care and home care settings. TeleAlarm (founded 1956; ~70 employees; headquartered in Leipzig) will join ASSA ABLOY’s Global Solutions business area within Senior Care, and the deal is expected to be EPS accretive from the start.

Proofpoint, Inc. entered into a definitive agreement to acquire Hornetsecurity Group, an AI-powered Microsoft 365 security, data protection, compliance, backup, and security awareness provider headquartered in Hanover, Germany. Hornetsecurity—backed by TA Associates, PSG Equity, and Verdane—will strengthen Proofpoint’s human-centric security offerings for MSPs and SMBs globally; the deal was expected to close in the second half of 2025 and was later reported as completed, valued at $1.8 billion.

Funds advised by Triton have agreed to sell all shares of FläktGroup to Samsung Electronics Co., Ltd. for €1.5 billion (enterprise value €1.8 billion). The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in 2025.

Relatech S.p.A., advised by BU Bregal Unternehmerkapital, announced the acquisition of the product suite of ConneXSoft GmbH, a Munich-based provider of SCADA extension software for building and energy management and industrial automation. The deal supports Relatech’s internationalization strategy and strengthens its industrial automation offering and Ignition SCADA distribution presence across Germany and Austria. A new entity, Relatech CXS GmbH, was established to serve the local market and support customers.

MidEuropa-backed FAMAR signed an agreement to acquire a sterile manufacturing production site in Homburg (Saar), Germany, from MiP Pharma. The acquisition expands FAMAR’s aseptic and lyophilised fill & finish capabilities and increases its European manufacturing footprint to seven facilities.

Ducker Carlisle, a U.S.-based market research, strategy consulting and M&A advisory firm backed by Boathouse Capital, announced a merger with Munich Strategy, a German management consultancy focused on the building/construction and industrial sectors. The combination more than doubles Ducker Carlisle’s European footprint and creates a 200+ person global team serving corporate and private equity clients with strategy, transformation, analytics, and M&A transaction support.

Octopus Energy Generation, the renewables arm of Octopus Energy Group, acquired Hamburg-based renewable energy developer MN Projekt GmbH through the Octopus Energy Development Partnership (OEDP) fund. MN Projekt brings a ~2 GW development pipeline spanning more than 70 solar and battery storage projects across Germany, supporting the country’s renewable electricity targets.

bluu unit, a Triton Mittelstand Fund II portfolio company, acquired WILMS Refrigeration-Air Conditioning-Ventilation System Technology GmbH ("WILMS") in Mönchengladbach, Germany. The deal expands bluu unit’s presence in North Rhine-Westphalia and strengthens K3 Kälte Klima Köln GmbH, an existing member of the bluu unit alliance.

AlTi Global, Inc. (NASDAQ: ALTI) completed its previously announced acquisition of Kontora on April 30, 2025. Kontora is a Hamburg, Germany-headquartered multi-family office and asset management firm serving UHNW families, entrepreneurs, and select institutions, with approximately €14 billion in assets under advisement and management.

CED Group announced the intended acquisition of Fair Damage Control Holding GmbH (Fair Damage Group), a German insurance services provider focused on property and electronic devices claims. The deal expands CED’s European footprint by adding Germany as its fifth core market and is expected to close in Q2 2025, subject to German merger control clearance.