Acquisitions in Netherlands

ECI Partners has acquired Paragin Group, a Netherlands-headquartered provider of digital exam and assessment software, from Main Capital Partners, which initially invested in Paragin in 2021. The investment is intended to accelerate Paragin’s international expansion in the digital exams and assessment software market, building on prior acquisitions including Sowiso (2022), Coachview (2023), and Xebic (2024). Crescent Capital Group’s European Specialty Lending strategy led the financing supporting the transaction.

Universal Maritime Solutions (Unimed), a ZCG Private Equity-backed provider of medical and compliance solutions to the maritime industry, acquired Regenboog Shipping Pharmacy. Regenboog is a Rotterdam-based distributor of pharmaceutical products and medical devices serving maritime customers, and the deal expands Unimed’s footprint in the Netherlands following its Lagaay Medical Group integration.

Unifi Aviation, LLC acquired Viggo, a Dutch ground handling company, to expand its aviation services footprint into continental Europe. Viggo provides passenger, baggage, and ramp handling services at Amsterdam Airport Schiphol and Eindhoven Airport, supporting more than 80,000 flights annually. Following the acquisition, Viggo CEO Martijn Limburg will continue to lead the business.

VDL Groep acquired Sintecs, an electronics design specialist headquartered in Hengelo, to expand its high-end in-house electronics development and production support capabilities. Sintecs brings a team of roughly 75 employees across Hengelo and Vilnius and expertise spanning complex digital electronics, PCB design, embedded software, and cybersecurity-focused products marketed under its Scalys brand.

Royal Van Leeuwen has acquired the global business activities of Corrotherm International to expand its specialist nickel alloy products offering for energy-related applications. The deal brings Corrotherm’s operations and assets— including its office, warehouse, inventory and specialist team in Amersfoort, the Netherlands—into Royal Van Leeuwen as of January 2026, with Amersfoort serving as the operational base for the acquired global activities.

Diligent, a governance, risk, and compliance (GRC) SaaS provider, has acquired 3rdRisk, an AI-native third-party risk management (TPRM) platform headquartered in the Netherlands. The deal expands Diligent’s GRC capabilities in the fast-growing third-party/IT vendor risk management segment by adding AI-driven vendor profiling, assessment workflow automation, and contract/certification document analysis. Financial terms were not disclosed.

Atomic Invest acquired Groene Hart Financial Diensten, a Netherlands-based MiFID investment firm, to expand Atomic’s embedded, white-labeled investing and cash-management capabilities across Europe. The transaction received approval from the Netherlands Authority for the Financial Markets (AFM), providing Atomic with a regulated EU foothold to offer services such as wealth management, brokerage, and cash management to European fintech and banking partners. Financial terms were not disclosed and Groene Hart will be fully integrated into Atomic’s European operations.

WEP Clinical, a full-service contract research organization (CRO), acquired Siron Clinical, a Netherlands-based European CRO. The deal expands WEP Clinical’s global footprint and strengthens its end-to-end Phase I–IV clinical trial delivery capabilities across complex and specialized therapeutic areas.

Paladin EnviroTech acquired Netherlands-based R&L Recycling B.V., expanding Paladin’s IT asset disposition (ITAD), electronics recycling, and sustainable materials recovery capabilities into Europe. R&L Recycling will continue operating under its existing name with its current management team, while Paladin plans to invest in infrastructure and technology and use R&L as a platform for further European expansion. Financial terms were not disclosed.

GEOLOG International B.V., a global provider of wellsite geosciences and drilling support services, acquired Quad Ltd and QO Inc. (together, Quad). The bolt-on deal expands GEOLOG’s capabilities in wellsite/operations geology and advanced pore pressure and fracture gradient analysis, strengthening its global service delivery to energy clients. Financial terms were not disclosed.

Communardo Group acquired Prepend, a Netherlands-based Atlassian Platinum Solution Partner, to expand into the Benelux region and strengthen its pan-European footprint in the Atlassian ecosystem. Prepend’s team will remain in place, adding capabilities in Atlassian consulting, cloud migration, adoption management, and training for enterprise and public-sector clients. Communardo’s growth strategy is supported by funds advised by BU Bregal Unternehmerkapital.

OptiGroup acquired Dutch workwear and workplace hygiene specialist Textiel Services Nederland B.V. (TSN). TSN will be integrated into OptiGroup’s subsidiary All Safety Group, expanding offerings in workwear, PPE rental and related workplace hygiene and safety services across Western Europe; financial terms were not disclosed.

Genmab A/S, via its wholly owned subsidiary Genmab Holding II B.V., is acquiring Merus N.V. through a cash tender offer priced at $97.00 per share. The tender offer conditions were satisfied with 94.2% of Merus shares tendered by the initial expiration time, and Genmab expects to complete the acquisition of 100% of Merus via subsequent offering and back-end transactions. The deal adds Merus’ lead late-stage oncology asset petosemtamab to Genmab’s pipeline as part of Genmab’s strategy to shift toward a wholly owned model.

Regnology completed the acquisition of Wolters Kluwer's Finance, Risk, and Regulatory Reporting (FRR) business, strengthening Regnology’s global regulatory technology and reporting capabilities. The deal adds Wolters Kluwer’s OneSumX for Finance and OneSumX for Risk solutions and expands Regnology’s product suite across compliance, risk management, and financial reporting for financial institutions and regulators.

XOMA Royalty Corporation completed its acquisition of LAVA Therapeutics N.V., acquiring 100% of LAVA’s outstanding common shares via a tender offer followed by a corporate reorganization. LAVA shareholders received $1.04 in cash per share plus a non-transferable contingent value right (CVR) tied to potential proceeds from LAVA’s partnered and unpartnered programs, and LAVA’s shares were suspended from trading ahead of delisting and deregistration.

Solid Sands B.V. acquired Plum Hall technology and its compiler validation test suites to expand its portfolio of testing and qualification solutions for compilers and libraries. The deal is intended to increase market share, accelerate product development, and provide continued development, support, and distribution of the Plum Hall suites to customers.

Avista Healthcare Partners completed its acquisition of PK Benelux, a Netherlands-based supplier of vitamins, minerals, and supplements and owner of the Lucovitaal brand. PK Benelux, headquartered in Uden, will continue to be operated by its second-generation founders Albert Peters and Angela Steenbergen-Peters, and the deal further expands Avista’s consumer health platform strategy in Western Europe.

Yorktel, a New Jersey-based global systems integrator and managed services provider, and Kinly, an AV and unified communications & collaboration (UCC) integration firm headquartered in Amsterdam, announced the completion of their merger. The combined company will operate as Yorktel-Kinly, creating a larger global provider of workplace technology systems integration and managed services with expanded scale across North America, Europe, and Asia-Pacific.

IT and business transformation company Conclusion, through its subsidiary Yellowtail Conclusion, has acquired digital agency Faraday. The deal expands Conclusion’s services for financial-sector clients by combining Faraday’s digital design capabilities with Yellowtail Conclusion’s domain knowledge and technology, including data and AI, to support banks, insurers, and pension providers.

4most Europe Limited, a specialist analytics and risk consultancy backed by Phoenix Equity Partners, announced the acquisition of VB Risk Advisory B.V., a Netherlands-based quantitative risk and financial modelling consultancy. The deal expands 4most’s Netherlands presence by adding VB’s Amsterdam-based team of econometricians and strengthens the combined group’s risk, regulation, and data analytics advisory capabilities across Northern Europe.

Main Capital Partners closed a €300 million single-asset continuation fund, fully capitalized by existing limited partners led by Hamilton Lane with Trinity River Holdings as sub-lead. The continuation vehicle is intended to facilitate the full acquisition of Main Capital’s GovTech portfolio company xxllnc. Main Capital also plans an anticipated merger of xxllnc with Documaster (previously acquired in May 2025), subject to regulatory approval.

OrderYOYO has acquired Foodticket, a leading provider of white-label software and embedded payments solutions to quick service restaurants in the Netherlands. The bolt-on deal, announced by Pollen Street Capital, is the first acquisition under Pollen Street’s ownership of OrderYOYO and expands OrderYOYO’s footprint across the Benelux region while strengthening its product suite.

Banyan Software, a long-term acquirer and operator of mission-critical software businesses, acquired Anago BV, a Netherlands-based provider of planning and resource optimization software for public-sector organizations. Founded in 1999 and headquartered in Den Bosch, Anago’s modular low-code platform supports resource and workforce planning across education, healthcare, and local government, expanding Banyan’s European presence—particularly in the Netherlands.

Plusgrade, a provider of ancillary revenue solutions for the travel industry, announced it has acquired Oaky, a hospitality upselling software platform. The combination aims to create a unified upsell experience across the guest journey, strengthening Plusgrade’s position in hospitality upselling.

OptiGroup announced the take-over of key parts of Paardekooper’s FRIS (Food, Retail, Industry and Services) division following the bankruptcy of parent company Koninklijke Paardekooper Group. The deal includes Paardekooper activities in China and Ireland, and the LCA Centre (Packaging Life Cycle Assessment Centre) in the Netherlands, forming the new trading name Paardekooper Packaging. The transaction is subject to Dutch Competition Authority (ACM) merger clearance, with an exemption already granted for the September 15 take-over of key FRIS parts.

Dow Jones acquired Eco-Movement, a global platform for electric-vehicle (EV) charging station location, availability and pricing data. Headquartered in Utrecht, Netherlands, Eco-Movement will operate as part of OPIS, Dow Jones’s growing energy business, strengthening its energy-transition data and analytics offerings.

SC Pack Group, backed by MML Capital, announced the acquisition of Frapak Packaging to accelerate its European growth and broaden its sustainable packaging capabilities. Frapak, headquartered in the Netherlands, supplies glass and sustainable plastic primary packaging for cosmetics, household, and food markets. Frapak CEO Marco Bos will reinvest alongside the Allemandou family and MML Capital and join SC Pack’s leadership.

Customs Support Group (CSG) announced the acquisition of DOJÖ Consulting Group to strengthen CSG’s trade compliance consultancy and global trade management capabilities. The combination creates what CSG describes as Europe’s largest Trade Advisory Division (80+ consultants) and includes the launch of a dedicated European Classification Hub to meet growing demand for external HS classification expertise.

Symeres, a global contract research, development and manufacturing organization (CRDMO), acquired Netherlands-based drug development consultancy DGr Pharma to expand integrated early-stage drug development services and accelerate IND-enabling capabilities for biopharma clients. DGr Pharma adds pre-clinical and clinical regulatory strategy, quality assurance, regulatory submissions, and GLP/GCP-aligned pharmacokinetic data analysis expertise, strengthening Symeres’ end-to-end offering. The transaction was supported by Keensight Capital, Symeres’ private equity backer.

Lantmännen Unibake, part of Sweden’s farmer-owned cooperative Lantmännen, acquired Boboli, a Dutch savoury bakery products producer specializing in Mediterranean flatbreads such as focaccias and pizza (including crusts). Boboli operates a bakery in Bunschoten, Netherlands, and the deal expands Unibake’s savoury/bake-off offerings while marking Unibake’s first bakery presence in the Netherlands; Gilde Equity Management had backed Boboli for the prior nine years.

AEM (aem.eco) announced it has acquired Van Essen Instruments, a provider of precision groundwater and surface water monitoring systems. The deal brings Van Essen’s Diver sensor hardware, telemetry solutions, and data management tools into AEM’s Elements environmental resiliency platform to expand end-to-end monitoring of water, weather, and environmental risks globally.

Stellar Tech, a European influencer marketing technology company, has acquired Join, a Dutch creator platform. Join will merge with Stellar Tech’s marketplace business, Creatorz, to form a larger Benelux creator marketplace connecting brands with content creators and strengthening Stellar Tech’s consolidation strategy in Europe.

Stellar Tech, a European influencer marketing technology company, has acquired Join, a leading Netherlands-based creator platform. Join will merge with Stellar Tech’s Creatorz marketplace to form an expanded creator marketplace across the Benelux region, combining Creatorz’s Belgium presence with Join’s AI-driven technology and network of verified brands and creators.

MatchWorks, an HR services provider owned by Rick Spijkerboer and Ronald Hilberdink, acquired the temporary employment and HR activities of Netherlands-based Get Work. Get Work will continue operating under its own name, with director Sytze Bril remaining involved for a period to support the new management. Financial terms were not disclosed.

LifeNet Health acquired HCM Medical, a Nijmegen, Netherlands-based contract manufacturing organization focused on biologics and tissue-processing for regenerative medicine. The deal is intended to expand LifeNet Health’s advanced manufacturing capabilities and global reach for regenerative therapies, including xenograft platforms, antibiotic-coated implants, and next-generation sterilization methods.

The Carlyle Group has agreed to sell its stake in HSO, an independent Microsoft Dynamics services partner, to Bain Capital. Bain Capital will invest alongside HSO founder and CEO Peter J. ter Maaten, who will remain a significant shareholder and board member and is also investing in the transaction.

Healthcare Outcomes Performance Company (HOPCo) has acquired Caro Health, an AI-powered digital health company headquartered in Amsterdam, to expand HOPCo’s European footprint and accelerate development of its global digital health platform. Caro’s conversational AI technology, used by nearly 40 healthcare customers in the Netherlands and Belgium, will be integrated into HOPCo’s Digital Health Division to enhance products such as HOPCo Vitals, myrecovery by HOPCo, and HOPCo’s EMR Ecosystem.

AVS Bio, a portfolio company of Arlington Capital Partners, acquired ImmunoPrecise Antibodies (Europe) B.V. (IPA Europe), a carve-out from ImmunoPrecise Antibodies Ltd. The deal expands AVS Bio’s European footprint and adds antibody discovery, protein expression/production, and organoid growth factor development and manufacturing capabilities, with IPA Europe continuing under its existing management as a European hub within AVS Bio.

Specialist Risk Group (SRG) completed its previously announced acquisition of German broker Ecclesia’s insurance brokerage businesses in the Netherlands and Belgium, marking SRG’s entry into mainland Europe. The acquired entities include BS&F, Concordia, Ecclesia BV, Finance & Insurance, IC Verzekeringen NV – CI Assurances SA, Sibbing, and XOLV. As part of the broader transaction alignment, Ecclesia also joined SRG’s investor group alongside Warburg Pincus, Temasek, and SRG’s management team.

Garmin has acquired MYLAPS, a Dutch sports timing technology company providing integrated timing, live tracking, and performance analysis tools. MYLAPS serves race management companies and sports brands globally across running, cycling, motorsports, and equine competitions; financial terms were not disclosed.

ICT Group acquired system integrator DWG Automation, a Schiedam-based company with approximately 120 employees. The deal strengthens ICT Group’s Industry and Vital Infrastructure division by adding industrial automation, electrical engineering, and industrial IT capabilities across sectors including tank terminals, energy, food, and infrastructure. Financial terms were not disclosed.

Ampersand Capital Partners acquired CurTec Group B.V., a Netherlands-based manufacturer of high-performance plastic packaging for pharmaceutical and specialty chemical applications. The acquisition was completed from Bencis Capital Partners in partnership with CurTec’s management, with the goal of accelerating U.S. growth, expanding capacity, and supporting product innovation.

Signicat, a pan-European digital identity platform, announced the acquisition of Inverid, a Dutch provider of NFC-based digital identity verification solutions best known for its ReadID product, for an undisclosed amount. The stake was acquired from majority shareholder Main Capital and Inverid’s founders, with existing shareholders reinvesting a substantial portion of proceeds into Signicat. The deal strengthens Signicat’s identity verification offering and continues its strategy of bolt-on acquisitions to expand its technology platform across Europe.

Ageras, a Danish-founded software platform for small-business accounting, admin and banking, has acquired Dutch payroll software company Employes. The deal strengthens Ageras’ offering in the Netherlands by adding Employes’ payroll capabilities and marks Ageras’ second acquisition in 2025 and eighth overall.

Secret Sales, a portfolio company of Perwyn, acquired Dutch fashion retail brands V&D (Vroom & Dreesmann) and To Be Dressed as part of its European expansion strategy. V&D will be relaunched as a digital-first brand leveraging Secret Sales’ off-price marketplace, technology infrastructure, and inventory access, while To Be Dressed will continue operating with its curated discounted fashion positioning within the broader platform.

DENSO Corporation acquired Axia Vegetable Seeds B.V., a Netherlands-headquartered vegetable seed breeding company focused primarily on high-quality tomato seeds for greenhouse growers worldwide. The deal supports DENSO’s strategic expansion into AgriTech, combining DENSO’s industrial, AI, and image-recognition technologies with Axia’s seed R&D to accelerate development of climate-adaptive, automation-ready tomato seeds and cultivation solutions.

Sia, a global consulting group, acquired Precedence, a Netherlands-based consulting firm focused on digital transformation and operational excellence. Precedence (founded by Roy Goverde and Mark Cloesmeijer) brings capabilities in process consulting, technology consulting, data & AI, and people change, and will integrate its brand with Sia after a short transition period. The deal supports Sia’s expansion in the Netherlands and broader Benelux region, following Blackstone’s 2024 strategic minority investment in Sia.

Methanex Corporation completed the acquisition of 100% of OCI Global’s equity interests in its Global Methanol Business (OCI Methanol) in a transaction valued at approximately USD 1.6 billion on a cash-free, debt-free basis. Consideration comprised about USD 1.3 billion in cash (subject to customary adjustments) and 9.9 million Methanex common shares valued at USD 346 million, resulting in OCI becoming a roughly 12.9% shareholder in Methanex. The deal also included OCI’s indirect 50% interest in the Natgasoline methanol joint venture in Beaumont, Texas following resolution of OCI’s dispute with JV partner Proman.

OCI Global completed the sale of 100% of its equity interests in its Global Methanol Business (OCI Methanol) to Methanex Corporation in a transaction valued at approximately $1.6 billion on a cash-free, debt-free basis. Consideration comprised about $1.3 billion in cash (subject to customary adjustments) plus 9.9 million Methanex common shares valued at $346 million, making OCI a ~12.9% shareholder in Methanex. The divestiture also included OCI’s indirect 50% interest in the Natgasoline methanol joint venture following resolution of a dispute with joint venture partner Proman.

Domaine Worldwide, a global Shopify-focused e-commerce agency, announced the acquisition of Code, a leading European Shopify partner. The deal adds more than 60 Code employees across offices in Amsterdam, Delft, and Berlin, establishing a new European operating hub for Domaine in the Netherlands and expanding its capabilities in Shopify and related services such as Klaviyo.

Domaine Worldwide, a global Shopify design and development practice backed by BV Investment Partners, acquired Code, one of Europe’s top Shopify agencies. The deal adds Code’s ~60-person team and offices in Amsterdam, Delft, and Berlin to Domaine, creating a larger global Shopify-focused design, engineering, and marketing services organization and establishing a European hub in the Netherlands and Germany.

Kiteworks acquired Amsterdam-headquartered Zivver, a European provider of AI-powered secure email and secure communications with zero-access (zero-knowledge) encryption. The deal expands Kiteworks’ Private Data Network by integrating Zivver’s secure email and related capabilities and strengthens Kiteworks’ European presence and sovereign data exchange offering.

OptiGroup acquired Technotape B.V., a Dutch B2B distributor specializing in self-adhesive tapes and stretch films. Technotape will be integrated into OptiGroup’s packaging business in the Netherlands and will continue operating under the Technotape brand. Financial terms were not disclosed.

RAM Infotechnology (RAM-IT), a Dutch cloud service provider focused on healthcare, announced the acquisition of Interoperability Group, a Dutch provider of healthcare IT solutions. The transaction is supported by Keensight Capital and is intended to strengthen RAM-IT’s healthcare IT offering, particularly in data interoperability and end-to-end digital transformation capabilities across the Netherlands.

Bridgepoint Development Capital V agreed to acquire a majority stake in NMi Group, a European provider of independent advisory, testing, inspection, certification and calibration (ATICC) services. The transaction was signed in early June 2025 and will make Bridgepoint the majority shareholder alongside NMi’s existing management team, subject to customary closing conditions and regulatory approvals expected in Q3 2025.

Gilde Equity Management (GEM) has entered into a partnership with BOERplay, a Dutch designer and manufacturer of sustainable playgrounds and outdoor spaces. The partnership is intended to accelerate BOERplay’s growth and support expansion into new international markets across Europe alongside the existing management team.

QED Technologies International acquired Netherlands-based Dutch United Instruments (DUI), including its Nanomefos (NMF) metrology platform/technology, formerly part of the Demcon group. The deal expands QED’s precision optics metrology portfolio and establishes QED’s European headquarters in the Netherlands to support global growth and service capabilities.

Mentha Impact entered into a strategic partnership with ImpactBuying, a Dutch provider of software and verified supply-chain data focused on transparency, sustainability, and fairness. The partnership is intended to support ImpactBuying’s international expansion and further investment in its software platform for data collection, verification, and compliance to help customers manage ESG and regulatory requirements.

Carlyle Europe Technology Partners (CETP), together with Rabobank’s investment arm Rabo Investments, announced a strategic growth investment in SurePay, a European provider of payment verification software. SurePay, founded within Rabobank in 2016 and headquartered in the Netherlands, plans to expand its payment verification and fraud-prevention product suite and broaden its geographic footprint across Europe and beyond. Existing investors Connected Capital and Iris Capital were referenced as partners since 2021, implying an ownership transition/continuation alongside Rabobank.

Bizzdesign announced a new leadership team following its merger with MEGA International and Alfabet, with the combined organization operating under the unified name Bizzdesign. The merger brings together complementary enterprise transformation SaaS capabilities across Strategic Portfolio Management, Enterprise Architecture, and Governance, Risk & Compliance.

Apryse, a digital document processing technology company, acquired TallComponents, a Netherlands-based provider of .NET PDF software development kits (SDKs). The deal expands Apryse’s global footprint and European presence while enhancing its developer-focused PDF product portfolio, with TallComponents’ technology integrating into Apryse’s existing PDF offerings.

Front Row, an e-commerce agency and growth accelerator, acquired Build in Amsterdam (BIA), an award-winning Shopify design and development agency known for building digital flagship stores for premium fashion and lifestyle brands. The deal expands Front Row’s creative and Shopify capabilities and strengthens its European footprint, particularly in the DACH region, in support of Front Row’s “connected commerce” end-to-end offering.

CERTANIA Group announced the integration of Linge Agroconsultancy, a Dutch regulatory consulting firm focused on registrations for plant protection products, biocides, fertilizers, and biostimulants. The transaction deepens Linge’s longstanding collaboration with Triskelion (a CERTANIA company) and is intended to expand CERTANIA’s regulatory consulting and compliance capabilities across Europe. Linge will continue operating under its existing brand, with Triskelion CEO Steven Sleurink assuming management and Linge founder Dr. Tonnie Engels supporting in a consulting role.

zvoove announced the acquisition of Dutch ERP software provider Nocore. The deal strengthens zvoove’s position in Europe’s cleaning services software market and expands its capabilities for temporary staffing agencies, particularly those managing migrant labor processes in the Netherlands.

Packsize entered into and completed an agreement to acquire Sparck Technologies, a Europe-based manufacturer of high-throughput automated packaging solutions. The deal, purchased from Standard Investment, is intended to expand Packsize’s capabilities in right-sized, sustainable automated packaging by adding Sparck’s box, lid, and tray systems (including CVP Impack and CVP Everest). Sparck Technologies is headquartered in Drachten, the Netherlands.

Capgemini acquired 100% of the share capital of Netherlands-based Delta Capita BV and its wholly owned subsidiary Delta Capita Academy BV, a subsidiary of Delta Capita Group Ltd. focused on Financial Crime Compliance services. The acquisition strengthens Capgemini’s European financial crime, risk management, and regulatory compliance offerings, enhancing its KYC and FCC transformation and managed services capabilities. Signing and closing occurred simultaneously on April 16, 2025.

Mentha Impact has entered into a partnership with Isovlas, a Netherlands-based developer and seller of bio-based flax insulation materials. The investment is intended to accelerate Isovlas’ growth and support expansion, while helping reduce the environmental footprint of the construction sector. This represents the second investment by the Mentha Impact Fund.

Jeco Energies, an NPM participation focused on energy solutions and industrial automation, has acquired Trafohuis – LV Trading to expand and strengthen its position in the Netherlands. Trafohuis supplies complete transformer stations and medium-voltage installations, while its subsidiary IV Services manages and maintains more than 1,000 transformer stations across the country. The deal supports Jeco Energies’ growth strategy and expands its service portfolio in energy infrastructure.

H.W. International B.V. (HWI BV), a global insurance broker, completed a management buyout supported by OBL Investments BV. The transaction is intended to strengthen HWI BV’s independence and fund growth of its international presence and product offering following prior restructuring and divestments of certain regional operations.

Fiserv, Inc. has acquired CCV, a payment solutions provider operating across the Netherlands, Belgium, and Germany. The deal is intended to strengthen Fiserv’s European payments capabilities and accelerate deployment of its Clover platform across Europe; financial terms were not disclosed.

SER Group announced the acquisition of Klippa, an AI-driven Intelligent Document Processing (IDP) company, to enhance SER’s Doxis Intelligent Content Automation platform and expand its ‘Smart Content’ application capabilities. Klippa’s DocHorizon IDP technology will be embedded into Doxis and also further developed as a stand-alone platform, subject to customary regulatory approvals.

JAS has completed the acquisition of International Airfreight Associates B.V. ("IAA"), a provider of air, ocean, and road freight services headquartered in the Netherlands. The deal follows a share purchase agreement signed in December 2024 and results in IAA’s integration into the JAS global logistics network, strengthening JAS’s capabilities in time-critical perishables and European logistics markets.

NPM Capital is taking a minority stake in NTS Group, a supplier of complex (opto)mechatronic systems and mechanical modules for the high-tech industry. The investment is intended to help NTS Group expand production capacity and accelerate international growth across Europe, Asia, and North America. The transaction is subject to regulatory approvals and is expected to close in the first half of 2025.

ICT Group has acquired Modality, an IT company focused on software systems for intermodal freight transport, strengthening ICT Group’s position in the seaport-hinterland logistics chain. Modality, headquartered in Barendrecht in the Netherlands, provides transport management (TMS) and terminal operating systems (TOS) and will continue operating under its current management as part of ICT Group.

Intrepid Travel acquired Amsterdam-based Dutch tour operator Sawadee Reizen from Travelopia in Intrepid’s largest acquisition to date; financial terms were not disclosed. The deal adds roughly 20,000 customers and about $62 million (AUS $100 million) of annual revenue, and is intended to accelerate Intrepid’s growth toward more than $1 billion in revenue by 2030 while expanding exposure to non-English European source markets.

Advanced Automation Technologies (AAT) acquired TE Instruments (TEI), a Delft, Netherlands-based specialist in combustion elemental analyzers. The deal expands AAT’s laboratory automation and analytical instrumentation portfolio and strengthens its reach in environmental, petrochemical, and industrial end markets. Battery Ventures is identified as AAT’s investment partner supporting the platform’s acquisition-led expansion.

Your.World received €800 million of long-term partnership capital in the form of preferred equity from Ares Management Credit funds and Carlyle. The strategic investment is intended to support Your.World’s growth ambitions as a European provider of web hosting, online productivity, and managed IT services.

ISO Horti and TTA announced a merger, combining horticultural robotics/automation capabilities with transplanting and sorting solutions under the new name TTA-ISO. The combined company aims to address rising global demand for automation in horticulture and food production, expanding into new geographies and accelerating R&D and product innovation. The merger is backed by Rabobank and existing shareholders.

Jeco Energies announced the acquisition of 100% of the shares of Applitech BV, an Amsterdam-based designer and manufacturer of energy control and distribution systems. The deal strengthens Jeco Energies’ operations in the Netherlands, expanding capabilities in industrial energy distribution systems and related servicing, and supports its buy-and-build strategy backed by NPM Capital.

Dutch feed producer De Heus Voeders has acquired poultry processor Kessels Holding B.V. and its underlying activities, including multiple Van der Linden entities. The sellers include current directors and shareholders Jan and Geert Kessels; Geert Kessels will remain as operational director responsible for slaughtering activities while Jan Kessels will transfer duties in the short term.

Rivean Capital will acquire a majority stake in Valcon, a European digital transformation services provider, subject to regulatory approval and works council consultation. Waterland, the current majority investor, will be replaced and will reinvest as a minority shareholder to support Valcon’s continued organic and acquisitive growth.

Creators of the Outside World (CROWD), part of Andus Group, has acquired Armada Mobility BV in the Netherlands. Armada Mobility provides public-space and transport infrastructure products such as shelters, bicycle storage, wayfinding, and travel information systems, along with service/maintenance and smart city solutions. The deal supports CROWD’s buy-and-build growth strategy in street furniture, public shelters, and cycling infrastructure across Western Europe.

Heniff has acquired the Combo Group, a Born, Netherlands-based provider of European bulk transport and logistics services, including food-grade tank cleaning and maintenance & repair. The deal expands Heniff’s bulk services operations in Europe; transaction terms were not disclosed.

Rivean Capital signed a definitive agreement to acquire a majority stake in Acture Group from IK Partners’ IK Small Cap II fund. Acture, headquartered in Nijmegen, Netherlands, provides outsourced employee welfare and absence management services and related insurance offerings. Acture’s co-founder/CEO Maudie Derks and the management team will reinvest alongside Rivean, with closing subject to regulatory and works council approvals.

Together AI has completed the acquisition of CodeSandbox, a startup focused on cloud devboxes and isolated code execution environments. The deal adds a built-in code interpreter to the Together Inference Platform, enabling use cases such as agentic workflows, data analysis, file processing, and AI-assisted development. CodeSandbox will also offer early access to its code interpretation technology via the CodeSandbox SDK beta.

Thunder Bridge Capital Partners IV, Inc., a special purpose acquisition company, consummated its previously announced business combination with Coincheck Group N.V. Following the closing, Coincheck Group N.V.’s ordinary shares and warrants are set to begin trading on Nasdaq on December 11, 2024 under the ticker symbols “CNCK” and “CNCKW.” The transaction delivered approximately $31.6 million of gross proceeds to the combined company (net of redemptions and including funds tied to a non-redemption agreement).

Konecranes has acquired two subsidiaries of the Peinemann group: Peinemann Port Services and Peinemann Container Handling in the Netherlands, after receiving clearance from Dutch authorities. The acquisition brings about 100 employees to Konecranes and expands its service presence in the Port of Rotterdam, while not affecting Konecranes’ distribution arrangements outside the Netherlands.

Three financial services offices in Winterswijk—run by Jeroen Boesveld, Hans Gemmink, and Eddy Wenneker (Hypotheek Advies Centrum)—are combining to continue under the Licent banner. The merger creates a broader local advisory firm offering insurance, mortgage advice, and wider financial advice, strengthening Licent’s presence in the Winterswijk region.

WAI Global has completed the acquisition of Pos Service Holland (PSH) from Nordian Capital Partners. Headquartered in the Netherlands, PSH provides rotating electrical solutions serving automotive, truck, agricultural, shipping, and industrial sectors across Europe, strengthening WAI Global’s European presence and global footprint.

PIB Group has acquired commercial lines insurance broker and MGA platform Thoma Exploitatie and its subsidiaries in the Netherlands. The deal supports PIB Group’s European expansion and adds to its existing Dutch portfolio, including Light Insurance and specialty insurer Risqwise in the Benelux region.

Family-owned VANAD Group has acquired Utrecht-based sports tech and football analytics company SciSports. SciSports will leverage VANAD Group’s financial resources and technology expertise to enhance its AI-driven platform and accelerate growth across Europe, North America, and particularly the United States. Vincent van Renesse van Duivenbode will remain CEO of SciSports following the acquisition.

Achmea and Lifetri agreed to merge their pension and life portfolios into a new joint venture, Achmea Pension & Life Insurance N.V., creating a top-three Dutch pension and life insurer by customer base. Sixth Street, the principal shareholder of Lifetri, will obtain a 20% stake by contributing Lifetri and paying €445 million to Achmea, while Achmea will own 80%. The transaction is subject to works council consultation and regulatory approvals, targeted for completion in the second half of 2025.

Regnology acquired VERMEG's regulatory reporting division, AGILE, to strengthen its end-to-end regulatory reporting offering for banks and other financial institutions. The AGILE regulatory reporting solution will be integrated into the Regnology Platform, expanding Regnology’s global footprint and enhancing its cloud-enabled reporting capabilities. The transaction also allows VERMEG to focus on its core businesses in collateral management and insurance.

Cobepa-backed SmartSD completed the acquisition of DERO Security Products, a Benelux distributor of safety and security equipment. Headquartered in Eindhoven, the Netherlands, DERO supplies products such as video surveillance, alarm systems, and intercoms to professional installers and integrators. The deal is SmartSD’s first strategic acquisition since Cobepa’s ownership began in March 2024.

zvoove, a software provider for the temporary staffing, private security, and cleaning industries, has acquired Netherlands-based recruitment marketing firm Online Results. The deal adds Online Results’ Falcon SaaS recruitment marketing platform and managed campaign capabilities to zvoove’s ecosystem, strengthening zvoove’s job marketing offering for temporary staffing agencies.

SurfacePrep announced the acquisition of Leering Hengelo B.V., a Netherlands-based surface preparation company known for its Normfinish brand. Leering supplies abrasive blasting and cleaning solutions for manufacturing and engineers/assembles abrasive blasting systems, including for post-processing 3D-printed products. The deal expands SurfacePrep’s presence in Europe, with Leering continuing to operate under its own name.

Orisha, a European software provider, announced the acquisition of Wolfpack DCS, a Dutch specialist in unified commerce solutions headquartered in Amsterdam. The deal expands Orisha Commerce’s portfolio of SaaS unified commerce offerings—particularly order management (OMS) and product channel management (PCM)—and strengthens its position in the retail sector and international markets.

Apheon acquired a majority stake in Hittech Group from its founders and a consortium of private shareholders. Hittech’s management team and the existing investor consortium will reinvest alongside Apheon, with the consortium retaining a sizeable minority stake, to support the company’s growth strategy.

Bureau Veritas acquired Versatec Energy B.V., a Netherlands-based technical advisory and consultancy firm focused on offshore and onshore energy. The deal strengthens Bureau Veritas’ Testing, Inspection & Certification capabilities across renewables (including offshore wind) and broader low-carbon and energy transition areas such as hydrogen and carbon capture, utilization and storage.

TransPerfect acquired an Amsterdam-area dubbing and localization studio from Plint, a Swedish-based language and technology company. The acquired studio will join the TransPerfect Media network and be rebranded as TransPerfect Media Amsterdam, expanding TransPerfect’s in-market media localization capabilities in the Netherlands.