Deal-Radar DACH, Week 43/2026

Financial investors make new investments, buy from other investors, acquire corporate units or take minority stakes.

1. 43-001AT
   Aufzüge Friedl und ST LiftsystemsMinority stake

   Lift construction and service

   Raiffeisen Continuum acquires 21.3% of the lift companies Aufzüge Friedl and ST Liftsystems. The companies install, maintain and modernise lifts in Austria and manufacture compact lift systems.

   Buyer

   Raiffeisen Continuum

   Seller

   Familie Friedl

   Advisers

   Oaklins (Sell-side)

   Source: mainsights.iofirst reported 22/10/2026
2. 43-002CH
   HOERBIGER Safety SolutionsCarve-out

   Industrial safety technology, explosion protection

   KKR acquires a majority stake in the safety solutions division of the Swiss technology group HOERBIGER, which includes Newson Gale and IEP Technologies. The unit develops explosion protection and grounding systems for industrial applications and generated revenue of around €130m with EBITDA of €20m in 2025.

   Buyer

   KKR

   Seller

   HOERBIGER

   Advisers

   Greenhill (Sell-side)

   Source: Kirkland & Ellisfirst reported 22/10/2026
3. 43-003CH
   Vistona GroupBuy-out

   Widnau/Wangen im Allgäu · Building waterproofing planning and execution

   Argon Management acquires vistona experts ag and waprotec ag in Switzerland as well as vistona gmbh in Germany and builds them into the Vistona Group as a platform for building waterproofing. The group plans organic growth and further acquisitions.

   Buyer

   Argon Management

   Advisers

   Reichlin Hess (Buy-side)

   Source: majunke.comfirst reported 22/10/2026
4. 43-004DE
   United InitiatorsSecondary

   Pullach · Specialty chemicals, active oxygen solutions

   Triton Fund 6 completes the acquisition of United Initiators from Equistone. The company, based in Pullach, produces specialty chemicals based on active oxygen and employs more than 800 people.

   Buyer

   Triton Fund 6

   Seller

   Funds advised by Equistone Partners Europe

   Source: triton-partners.comfirst reported 21/10/2026
5. 43-005DE
   Lothar WaltherBuy-out

   Königsbronn · Precision barrels for hunting, sport and defence

   The shareholders of Lothar Walther sell the company to Rigeto Unternehmerkapital. RÖDL advises the sellers.

   Buyer

   Rigeto Unternehmerkapital

   Seller

   Gesellschafter von Lothar Walther

   Advisers

   Rödl & Partner (Sell-side, M&A, Legal, Tax)

   Source: roedl.comfirst reported 20/10/2026

Acquisitions by companies owned by a financial investor. The investor is named with each deal.

1. 43-006DE
   DocuWare- und JobRouter-Geschäft von Behrens & SchuleitAdd-on

   Document management and workflow automation

   The Software Partners Group acquires the DocuWare, JobRouter and managed IT business division of Behrens & Schuleit, strengthening its DMS/ECM platform. Behrens & Schuleit remains independent and will focus on scanning services going forward.

   Buyer

   Software Partners Group

   Seller

   Behrens & Schuleit

   Source: softwarepartnersgroup.comfirst reported 22/10/2026
2. 43-007DE
   Pro ActiveAdd-on

   Bielefeld · ERP and HR software for Mittelstand

   The Software Partners Group acquires Pro Active GmbH from Bielefeld and thereby expands its ERP and HCM expertise in the Mittelstand. Pro Active has offered ERP and HR software solutions for mid-sized customers since 1993.

   Buyer

   Software Partners Group

   Seller

   Heiko Laschinsky

   Source: softwarepartnersgroup.comfirst reported 22/10/2026
3. 43-008DE
   Sandmann InfrastrukturAdd-on

   Energy and telecom infrastructure services provider

   New Energy Group, a platform of Deutsche Beteiligungs AG, acquires Sandmann Infrastruktur from vitronet Group. The company offers planning, construction, installation and maintenance for energy, utility and telecommunications networks.

   Buyer

   New Energy Group

   Investor

   DBAG

   Seller

   vitronet Group

   Advisers

   Steinbeis M&A Partners (Buy-side), Carlsquare (Sell-side)

   Source: mainsights.iofirst reported 22/10/2026
4. 43-009DE
   Peregrine TechnologiesAdd-on

   Berlin · AI software development, video telematics

   YellowFox acquires the Berlin-based AI software company Peregrine Technologies in full, which develops video telematics solutions based on AI and computer vision. The Peter Möhrle Holding supports the acquisition as majority owner of YellowFox.

   Buyer

   YellowFox GmbH

   Investor

   Peter Möhrle Holding

   Seller

   Vektor Partners, Brandenburg Kapital (ILB), Gründerteam

   Advisers

   A&O Shearman (Buy-side, Legal), Codex Partners (Buy-side, Commercial Due Diligence), AC Christes & Partner (Buy-side, Tax), TechMiners (Buy-side, Technical Due Diligence), Noerr (Legal, DZ BANK)

   Source: majunke.comfirst reported 21/10/2026
5. 43-010CH
   AbovoAdd-on

   Selzach · Distribution of cleanroom consumables

   The Dastex Group, a portfolio company of a fund affiliated with Riverside, acquires the Swiss Abovo AG. Abovo distributes cleanroom consumables and is the seventh transaction of the buy-and-build strategy.

   Buyer

   Dastex Group

   Investor

   The Riverside Company

   Advisers

   RSM Ebner Stolz (Buy-side, Financial Due Diligence)

   Source: ebnerstolz.defirst reported 20/10/2026
6. 43-011DE
   HFS Hotel Full ServiceAdd-on

   Berlin · Cleaning and support services for hotels

   UNIC Facility Management from Mannheim, part of the Frankfurt-based Gloram Group, acquires a majority stake in HFS Hotel Full Service. HFS offers cleaning and support services for upscale hotels and is the first add-on of the Gloram Group.

   Buyer

   UNIC Facility Management GmbH

   Investor

   Gloram Group

   Advisers

   Benchmark International (M&A)

   Source: majunke.comfirst reported 20/10/2026
7. 43-012CH
   Steinmann HaustechnikStrategic

   Baar · Sanitary and heating technology

   InstallerGroup Schweiz acquires Steinmann Haustechnik AG in Baar, a family business for sanitary and heating with around 40 employees and revenue of over CHF 12m. The company keeps its own name and continues to be led by Philippe Steinmann.

   Buyer

   InstallerGroup Schweiz AG

   Investor

   FSN Capital

   Seller

   Familie Steinmann

   Source: presseportal.chfirst reported 20/10/2026
8. 43-013DE
   iMSAdd-on

   Tutzing · Surgical diode laser systems

   MedTech Laser Group, backed by Afinum, acquires iMS from Tutzing, a developer and manufacturer of surgical diode laser systems. The acquisition strengthens its position in EVLA and proctology.

   Buyer

   MedTech Laser Group

   Investor

   Afinum Management

   Source: GvW Graf von Westphalenfirst reported 19/10/2026

Companies buy companies, families hand over, corporates sell parts of their business.

1. 43-014DE
   Hugo BossStrategic

   Metzingen · Fashion company, apparel

   The Frasers Group secures the majority of Hugo Boss and, by its own account, holds more than 50 percent of the fashion company from Metzingen.

   Buyer

   Frasers Group

   Source: textilwirtschaft.defirst reported 24/10/2026
2. 43-015DE
   FermacellStrategic

   Boards for walls, floors, fire protection

   Holcim signs the purchase agreement for the German company Fermacell, which manufactures boards for walls, floors and fire protection, for €840m. Closing is expected in the first half of 2027.

   Buyer

   Holcim

   Source: cash.chfirst reported 23/10/2026
3. 43-016CH
   Papeterie SchochSuccession

   Winterthur · Stationery and writing supplies shop

   Orell Füssli Thalia acquires the long-established stationery shop Papeterie Schoch in Winterthur as part of a succession arrangement. The business continues at its current location under its current name with all employees.

   Buyer

   Orell Füssli Thalia

   Seller

   Karin Schoch

   Source: cash.chfirst reported 23/10/2026
4. 43-017CH
   SamplabStrategic

   Altstätten · AI-based audio editing software

   Apple acquires the Swiss company Samplab, which develops AI-based audio editing software. Apple acquires certain assets and offers employment to some employees.

   Buyer

   Apple

   Seller

   Manuel Fritsche, Gian-Marco Hutter

   Source: moneycab.comfirst reported 23/10/2026
5. 43-018AT
   ARTCAREStrategic

   Wien · Art advisory, art rental, art trading

   The SIMACEK Group acquires a majority stake in ARTCARE Marketing und Vertriebs GmbH from Vienna. ARTCARE offers art advisory, art rental, art trading and art logistics.

   Buyer

   SIMACEK-Gruppe

   Seller

   Gernot Schmidt-Schmiedbauer

   Source: ots.atfirst reported 22/10/2026
6. 43-019DE
   FC Bayern MünchenMinority stake

   München · Football Bundesliga club

   Viessmann Generations Group acquires 6.7 per cent of FC Bayern München AG through a capital increase. The Hessian business family thus becomes the fourth external shareholder of the record champions, alongside Adidas, Audi and Allianz.

   Buyer

   Viessmann Generations Group

   Source: manager-magazin.defirst reported 22/10/2026
7. 43-020DE
   NAiSEMinority stake

   Fleet management software for intralogistics

   Körber takes a stake in NAiSE GmbH, a software company for manufacturer-independent fleet management in intralogistics. The founding team remains operationally responsible, and Körber acts as a strategic investor.

   Buyer

   Körber

   Source: presseportal.chfirst reported 22/10/2026
8. 43-021DE
   pathway solutionsStrategic

   Hamburg · Accounting software for e-commerce

   Visma increases its stake in pathway solutions from 33 to 78 percent and thereby takes the majority. The Hamburg start-up offers accounting software for e-commerce and SaaS companies and is to be fully acquired in 2027.

   Buyer

   Visma

   Source: startbase.defirst reported 22/10/2026
9. 43-022DE
   SchlichtingSuccession

   Lage · Fashion retail, clothing retail

   Modesso acquires the fashion store Modehaus Schlichting in Lage from the founding family Voss as of 1 January 2027. The store, founded in 1905, continues under its own name with around 20 employees, while the property remains owned by the Voss family.

   Buyer

   Modesso

   Seller

   Familie Voss (Thomas und Simone Voss)

   Source: textilwirtschaft.defirst reported 22/10/2026
10. 43-023DE
    PumaMinority stake

    Herzogenaurach · Sporting goods manufacturer

    Anta Sports acquires Artemis's 29 percent stake in Puma and becomes the largest shareholder. The company will in future appoint the chair of the supervisory board and two members of the sporting goods manufacturer's board.

    Buyer

    Anta Sports

    Seller

    Artemis (Familie Pinault)

    Source: manager-magazin.defirst reported 21/10/2026
11. 43-024DE
    RENK BearingsCarve-out

    Hanover · Plain bearings, couplings, drive components

    Miba acquires the plain bearing business RENK Bearings, based in Hanover, from the RENK Group. RENK Bearings manufactures hydrodynamic plain bearings, flexible couplings and special drive components and generated revenue of €128m in 2025. The sale is linked to RENK's strategy of focusing more strongly on the defence business.

    Buyer

    Miba

    Seller

    RENK Group (publ.)

    Advisers

    Rothschild (Sell-side, Carve-out)

    Source: trend.first reported 21/10/2026
12. 43-025DE
    VeniosMinority stake

    Frankfurt · Software for distribution grid digitalisation

    The Viessmann Generations Group acquires a minority stake in Venios GmbH. Venios develops software solutions for the digitalisation and automation of distribution grids.

    Buyer

    Viessmann Generations Group

    Advisers

    Schalast (Buy-side)

    Source: Dr. Webfirst reported 21/10/2026
13. 43-026DE
    iq digital media marketingStrategic

    Düsseldorf · Marketing of digital advertising space

    FAZ, Süddeutsche Zeitung and ZEIT Verlag acquire minority stakes in iq digital media marketing from the Handelsblatt Media Group. The company markets advertising space on German digital media.

    Buyer

    FAZ, Süddeutsche Zeitung und ZEIT Verlag

    Seller

    Handelsblatt Media Group

    Source: kressfirst reported 20/10/2026
14. 43-027AT
    Kasberg SkiliftStrategic

    Almtal · Ski area, ski lift

    The state of Upper Austria takes over the loss-making family ski area Kasberg in the Almtal and releases €850,000 for winter operations. A long-term concept is lacking.

    Buyer

    Land Oberösterreich

    Source: derstandard.atfirst reported 20/10/2026
15. 43-028DE
    Oddo BHF German International Banking and Corporate BankingCarve-out

    Trade finance and correspondent banking

    BRED Group acquires the German businesses of Oddo BHF in International Banking and Corporate Banking. They comprise Trade Finance, Export Finance and Correspondent Banking.

    Buyer

    BRED Group

    Seller

    Oddo BHF

    Source: Börsen-Zeitungfirst reported 20/10/2026
16. 43-029CH
    PublibikeStrategic

    Bike sharing

    VisionEdgeOne acquires the Swiss bike-sharing provider Publibike. Clairfield advised.

    Buyer

    VisionEdgeOne

    Advisers

    Clairfield

    Source: clairfield.comfirst reported 20/10/2026
17. 43-030DE
    VesputiStrategic

    Leipzig · Digital public transport ticketing, MaaS platform

    Tracsis, a software provider listed on the AIM in London, acquires Vesputi GmbH from Leipzig. Vesputi operates the API-based ticketing platform Mobilitybox and is integrated into the Rail Technology & Services division.

    Buyer

    Tracsis plc

    Advisers

    Clairfield (Sell-side)

    Source: clairfield.comfirst reported 20/10/2026
18. 43-031DE
    ZechStrategic

    Straubing · Cleaning and hygiene products wholesale

    The hygiene wholesaler igefa acquires Zech from Straubing from the Hoppenthaler family. Zech generates revenue of around €40m and continues as a brand.

    Buyer

    igefa

    Seller

    Familie Hoppenthaler

    Advisers

    Brock Müller (Buy-side, Legal)

    Source: igefafirst reported 20/10/2026
19. 43-032DE
    Greiff Capital ManagementStrategic

    Freiburg · Asset management, fund management

    The Hamburg-based asset manager HAC acquires 28.8 percent of Greiff Capital Management and becomes its second-largest shareholder. The transaction is subject to BaFin approval.

    Buyer

    HAC Vermögensmanagement

    Source: fundresearch.defirst reported 19/10/2026
20. 43-033DE
    SeidenstickerSuccession

    Bielefeld · Shirts and blouses, apparel

    CEO Silvia Bentzinger acquires 20 per cent of the Bielefeld-based fashion company Seidensticker. The search for external investors produced no result.

    Buyer

    Silvia Bentzinger

    Seller

    Familie Seidensticker

    Advisers

    Carlsquare (Sell-side, M&A)

    Source: Unternehmereditionfirst reported 19/10/2026
21. 43-034AT
    Steyr MotorsStrategic

    Steyr · Specialty engines for military and civilian applications

    Red Cat Holdings intends to acquire all shares of Steyr Motors AG in cash at €39 per share via SMOT Acquisition GmbH. B&C Holding, with around 15 percent, has committed to tender its shares.

    Buyer

    Red Cat Holdings

    Seller

    Streubesitz, B&C-Gruppe (15 Prozent)

    Source: goingpublic.defirst reported 19/10/2026

Asset deals out of insolvency and purchases from self-administration proceedings.

1. 43-035DE
   Bayerisch Gmain Pflege- und TherapiezentrumInsolvency

   Bayerisch Gmain · Elderly care and social therapy

   COREH Care Holding GmbH from Munich acquires Bayerisch Gmain Pflege- und Therapiezentrum GmbH from the insolvency proceedings of its parent company Merkel Beteiligungen GmbH. The company operates two sites with 287 places and 240 employees in elderly and social therapy care.

   Buyer

   COREH Care Holding GmbH

   Seller

   Insolvenzverwalter Dr. Jochen Zaremba (Merkel Beteiligungen GmbH)

   Advisers

   Deichmann Corporate Finance (Prozessführung), SRI (Insolvency administrator)

   Source: altenheim.netfirst reported 23/10/2026
2. 43-036DE
   MAFO SystemtechnikInsolvency

   Teisendorf · Metalworking and special-purpose machinery

   Druckguss Westfalen Behringer acquires MAFO Systemtechnik AG under an insolvency plan. The company from Teisendorf specialises in metalworking and special-purpose machinery and employs around 100 people.

   Buyer

   Druckguss Westfalen Behringer

   Advisers

   PLUTA (Investor process), Anchor Rechtsanwälte (Insolvency administrator)

   Source: der-indat.defirst reported 23/10/2026
3. 43-037DE
   Kale & MeInsolvency

   Hamburg · Unpasteurised juices, juice cleanses

   Nordsaft acquires essential assets of Kale & Me following its insolvency filing. Kale & Me produces unpasteurised fruit and vegetable juices and juice cleanses, and all jobs at the Hamburg site are retained.

   Buyer

   Nordsaft

   Advisers

   Go & Company (Sell-side, M&A), Kösterberner (Sell-side, Legal)

   Source: mainsights.iofirst reported 22/10/2026

Acquisitions where the target is based outside Germany, Austria and Switzerland.

1. 43-038FR
   AFC RecyclingStrategic

   Cement and aggregates

   Holcim acquires AFC Recycling in the cement and aggregates business in France.

   Buyer

   Holcim

   Source: cash.chfirst reported 23/10/2026
2. 43-039FR
   BHR Transportbeton-GeschäftStrategic

   Ready-mixed concrete

   Holcim acquires the ready-mixed concrete business of BHR in France.

   Buyer

   Holcim

   Source: cash.chfirst reported 23/10/2026
3. 43-040GB
   CelnorSecondary

   Testing, inspection, certification, compliance

   Goldman Sachs Alternatives acquires a majority stake in the Celnor Group from Inflexion, which remains invested as a minority shareholder. Celnor is a platform for testing, inspection, certification and compliance in the construction sector.

   Buyer

   Goldman Sachs Alternatives

   Seller

   Inflexion

   Source: inflexion.comfirst reported 23/10/2026
4. 43-041FR
   Cem'In'Eu GroupStrategic

   Cement and aggregates

   Holcim acquires the Cem'In'Eu Group, which operates in the cement and aggregates business in France.

   Buyer

   Holcim

   Source: cash.chfirst reported 23/10/2026
5. 43-042IT
   COL GroupStrategic

   Medium-voltage power distribution, switchgear

   Eaton acquires the Italian COL Group at an enterprise value of €810m, strengthening its European position in medium-voltage power distribution. COL contributes SF6-free switchgear and grid automation.

   Buyer

   Eaton

   Source: DatacenterDynamicsfirst reported 23/10/2026
6. 43-043US
   Moses LakeCarve-out

   Moses Lake · Carbon fibre production site

   SGL Carbon sells the idled carbon fibre site in Moses Lake to the investment company Refactor Moses for US$70m. Payment is made in two tranches in 2026 and 2027.

   Buyer

   Refactor Moses

   Seller

   SGL Carbon

   Source: cash.chfirst reported 23/10/2026
7. 43-044BG
   Shelly GroupStrategic

   Sofia · Manufacturer of connected electrical devices

   Schneider Electric plans to acquire the Bulgarian Shelly Group for €70 per share, which corresponds to a valuation of around €1.2bn. The Bulgarian regulator FSC requires further information from Schneider on the takeover offer.

   Buyer

   Schneider Electric

   Source: cash.chfirst reported 23/10/2026
8. 43-045PL
   SinmedStrategic

   Medical products, disposables, medtech trading

   Indutrade acquires 100% of the shares in Sinmed, a Polish medical technology company with annual revenue of around PLN 50m. Closing is subject to clearance by the Polish competition authority and is expected in the fourth quarter of 2026.

   Buyer

   Indutrade

   Advisers

   Wolf Theiss (Buy-side)

   Source: wolftheiss.comfirst reported 23/10/2026
9. 43-046FR
   SubclicAdd-on

   Marseille · SaaS subcontractor contract management, construction

   CTAIMA acquires Subclic, a French SaaS provider for subcontractor contract management in the construction industry. CTAIMA is a Hg portfolio company and thereby strengthens its presence in France.

   Buyer

   CTAIMA

   Investor

   Hg

   Advisers

   Lincoln International (Sell-side)

   Source: lincolninternational.comfirst reported 23/10/2026
10. 43-047IT
    Without ProductionStrategic

    Milan · Fashion show and events agency

    Platform6 acquires the Milan-based agency Without Production, which conceives and produces fashion shows and events for international luxury houses. Platform6 is controlled by Trail and expands its offering with fashion show expertise through the acquisition.

    Buyer

    Platform6

    Investor

    Trail

    Seller

    Gabriella Mazzei

    Advisers

    Clairfield (Sell-side)

    Source: clairfield.comfirst reported 23/10/2026
11. 43-048GB
    3verestBuy-out

    Cloud infrastructure for healthcare IT

    ARCHIMED acquires a majority stake in 3verest, a provider of private and sovereign cloud infrastructure for healthcare IT with a focus on radiology and pathology. The founder remains a significant shareholder and continues to lead the company.

    Buyer

    ARCHIMED

    Seller

    Gründer (Scott Crawford)

    Advisers

    Carlsquare (Sell-side)

    Source: carlsquare.comfirst reported 22/10/2026
12. 43-049FR
    Alpine Racing (Engine Division)Carve-out

    Viry-Châtillon · Motorsport powertrain technology, Formula 1

    Dumarey Group acquires the engine-building division of Alpine Racing, based in Viry-Châtillon, from Renault Group. The unit develops powertrain technologies for Formula 1, hybrid and electric drives.

    Buyer

    Dumarey Group

    Seller

    Renault Group

    Source: Dumarey Groupfirst reported 22/10/2026
13. 43-050NL
    Dakgrind NederlandBuy-out

    Roof gravel laying and removal

    Gilde Equity Management enters a growth partnership with Dakgrind Nederland, a Dutch provider of mechanical application and removal of gravel on flat roofs. The investment is intended to accelerate the company's nationwide expansion and service offering, also through acquisitions.

    Buyer

    Gilde Equity Management

    Source: Gilde Equity Managementfirst reported 22/10/2026
14. 43-051GB
    Manchester Fertility GroupAdd-on

    Cheadle · Fertility treatment, fertility clinics

    TFP Fertility Group acquires Manchester Fertility Group, a provider of fertility treatments in Cheadle. The acquisition expands TFP's presence in the North West of England and combines the clinical capacities of both companies.

    Buyer

    TFP Fertility Group

    Investor

    Amulet Capital Partners

    Advisers

    Clearwater (Sell-side, M&A), Weightmans (Sell-side, Legal), Lincoln International (Buy-side, M&A), McDermott Will & Schulte (Buy-side, Legal)

    Source: McDermott Will & Schultefirst reported 22/10/2026
15. 43-052GB
    Technology PackagingAdd-on

    Middlesex · Corrosion protection, protective packaging

    Desi Kimya acquires the British manufacturer Technology Packaging, which offers corrosion protection and protective packaging solutions for automotive, aviation and medical customers. Desi Kimya is a Turkish manufacturer of VCI products and desiccants, backed by Alkima Partners.

    Buyer

    Desi Kimya

    Investor

    Alkima Partners

    Source: hisse.netfirst reported 22/10/2026
16. 43-053NO
    Bygginnredning FinnmarkAdd-on

    System and glass partition walls, ceilings

    Vivify Group acquires Bygginnredning Finnmark, a Norwegian provider of system and glass partition walls, ceilings and plasterboard walls for commercial buildings. The acquisition extends Vivify's geographic presence to northern Norway and is the second acquisition within five weeks.

    Buyer

    Vivify Group

    Investor

    Credo Partners

    Source: mainsights.iofirst reported 21/10/2026
17. 43-054PL
    Euromed Medical SolutionStrategic

    Poznań · Distribution of diagnostic imaging equipment, ultrasound

    Indutrade acquires 100% of the shares in Euromed Medical Solution, a Polish distributor of diagnostic imaging equipment with a focus on ultrasound systems. Closing is subject to approval by the Polish competition authority and is expected in the fourth quarter of 2026.

    Buyer

    Indutrade

    Advisers

    Wolf Theiss (Buy-side)

    Source: wolftheiss.comfirst reported 21/10/2026
18. 43-055BE
    International Taste InstituteMinority stake

    Brussels · Food and beverage certification

    Scala Investments invests in International Taste Institute and supports the existing owners with international expansion. The company offers independent sensory testing and certification for food and beverages.

    Buyer

    Scala Investments

    Seller

    Eric de Spoelberch, Laurent van Wassenhove

    Advisers

    Deloitte (Sell-side, M&A), Strelia (Sell-side, Legal)

    Source: mainsights.iofirst reported 21/10/2026
19. 43-056JP
    Klebstoffsparte von ResonacCarve-out

    Adhesives for automotive customers

    Sika acquires Resonac's adhesives business in Asia. No purchase price is disclosed.

    Buyer

    Sika

    Seller

    Resonac

    Source: boerse-online.defirst reported 21/10/2026
20. 43-057SE
    LegeraAdd-on

    Building services consulting, installation management

    XPartners, a Swedish engineering and design consultancy group backed by Axcel, acquires Legera, a consultancy specialising in building services. Legera offers installation management, control and monitoring systems, and energy and sustainability consulting.

    Buyer

    XPartners

    Investor

    Axcel

    Source: XPartnersfirst reported 21/10/2026
21. 43-058DK
    Lundsby Renewable SolutionsInsolvency

    Biogas plant development

    Corecapital acquires the insolvency estate of the Danish biogas plant developer Lundsby Renewable Solutions, with Copenhagen Infrastructure Partners taking part as co-investor. The business is to be continued under the name Lundsby.

    Buyer

    Corecapital

    Advisers

    Holst (Insolvency administrator)

    Source: mainsights.iofirst reported 21/10/2026
22. 43-059GB
    Process InstrumentsAdd-on

    Water analysis instrumentation

    WTR Group acquires Process Instruments, a British provider of water analysis instrumentation with activities in over 50 countries. The acquisition expands WTR's offering in measurement and control.

    Buyer

    WTR Group

    Investor

    Aspira Partners

    Advisers

    Evolve Corporate Finance (Buy-side), Knights (Buy-side, Legal)

    Source: mainsights.iofirst reported 21/10/2026
23. 43-060NL
    QiagenBuy-out

    Venlo · Diagnostics and biotechnology company

    EQT Private Equity and Qiagen agree a recommended voluntary public takeover offer in cash. Qiagen is a provider of diagnostics and biotechnology solutions.

    Buyer

    EQT Private Equity

    Source: eqtgroup.comfirst reported 21/10/2026
24. 43-061GB
    Veritas AdvisoryAdd-on

    London · Capital allowances advisory

    AAB, an accountancy group backed by Goldman Sachs Alternatives, acquires the London-based capital allowances adviser Veritas Advisory. The acquisition expands AAB's expertise in investment, real estate and private capital.

    Buyer

    AAB

    Investor

    Goldman Sachs Alternatives

    Source: AABfirst reported 21/10/2026
25. 43-062SE
    MEABAdd-on

    Hydrometallurgy, recovery of critical metals

    Nextchem, backed by Azzura Capital and owned by MAIRE, acquires the Swedish and German activities of MEAB. The purchase price is €4m plus an earn-out of up to €4m.

    Buyer

    Nextchem

    Investor

    Azzura Capital

    Source: Teleborsafirst reported 20/10/2026
26. 43-063PL
    NaturaStrategic

    Drugstore chain

    Mutares signs an agreement on the key terms for the sale of the Polish drugstore chain Natura to the retail group Specjał. Closing is planned for the fourth quarter of 2026.

    Buyer

    Grupa Kapitałowa Specjał

    Seller

    Mutares

    Source: mutares.comfirst reported 20/10/2026
27. 43-064US
    Neurotech PharmaceuticalsStrategic

    Cell therapies for eye diseases

    Alcon acquires the Rhode Island-based biotech company Neurotech Pharmaceuticals for $550m. Neurotech develops cell therapies for chronic and neurodegenerative eye diseases.

    Buyer

    Alcon

    Source: cash.chfirst reported 20/10/2026
28. 43-065US
    VacutechAdd-on

    Wyoming · Vacuum technology, precision welding

    Duwako Precision Engineering acquires Vacutech in full, a manufacturer of vacuum technology and precision welding based in Wyoming. Duwako is backed by Heritage Investments and thereby strengthens its position in the semiconductor, optics and life sciences markets.

    Buyer

    Duwako Precision Engineering

    Investor

    Heritage Investments

    Source: mainsights.iofirst reported 20/10/2026
29. 43-066RO
    Mangalia ShipyardStrategic

    Mangalia · Shipbuilding, shipyard

    Rheinmetall, together with the Swiss shipping company MSC, acquires the Mangalia shipyard in Romania for around €138m. Closing is expected in a few weeks.

    Buyer

    Rheinmetall

    Source: Rheinmetall AGfirst reported 19/10/2026
30. 43-067AE
    Newbridge PharmaceuticalsStrategic

    Dubai · Marketing of speciality medicines

    The DKSH Healthcare division of DKSH acquires all shares in Newbridge Pharmaceuticals for $390m. Newbridge markets medicines for rare diseases in 14 markets in the Middle East and North Africa.

    Buyer

    DKSH Healthcare

    Source: moneycab.comfirst reported 19/10/2026
31. 43-068US
    NoRedInkStrategic

    English learning platform for writing instruction

    IXL Learning acquires the English-language learning platform NoRedInk, which offers students personalised writing training. NoRedInk continues as a standalone brand.

    Buyer

    IXL Learning

    Seller

    Jeff Scheur

    Advisers

    Tucker Capital (Sell-side)

    Source: prnewswire.comfirst reported 19/10/2026
32. 43-069GB
    Silence TherapeuticsStrategic

    London · Biotech, siRNA therapeutics

    Merck acquires the British biotech company Silence Therapeutics and values it at around US$1.1bn. Closing is planned for the first quarter of 2027.

    Buyer

    Merck

    Advisers

    Morgan Stanley (Sell-side, M&A), Cooley (Sell-side, Legal), A&O Shearman (Buy-side, Legal), Centerview Partners

    Source: manager-magazin.defirst reported 19/10/2026
33. 43-070NL
    WoodWingAdd-on

    Content publishing and DAM software

    Omnidocs from Copenhagen, backed by Main Capital, acquires its sister company WoodWing from the Netherlands. The acquisition is part of Omnidocs' buy-and-build strategy.

    Buyer

    Omnidocs

    Investor

    Main Capital Partners

    Seller

    Main Capital Partners

    Source: Dutch IT Channelfirst reported 19/10/2026

Start-ups and young growth companies raise capital. These are not acquisitions, so they have their own block.

1. 43-071CH
   AVEAFunding round

   Zug · Longevity dietary supplements

   The Swiss elite athlete Lara Gut-Behrami invests in the Zug-based longevity start-up AVEA as part of a four-year partnership. AVEA develops science-based dietary supplements for healthy ageing and women's health.

   Investor

   Lara Gut-Behrami

   Source: moneycab.comfirst reported 23/10/2026
2. 43-072CH
   SonexosFunding round

   Lausanne · Solid-state active noise cancellation

   Sonexos raises CHF5m in a pre-Series A financing round led by Valquest Partners. The company develops a solid-state technology for the active suppression of low-frequency noise. Bosch Ventures also participates in the round.

   Investor

   Valquest Partners

   Source: moneycab.comfirst reported 23/10/2026
3. 43-073CH
   Enact IntelligenceFunding round

   Zurich · Physical AI robotics sensing

   Enact Intelligence from Zurich secures pre-seed financing of $30m. The start-up develops robotics with force and tactile sensing for factory tasks such as inserting plugs or screws.

   Investor

   redalpine

   Source: trendingtopics.eufirst reported 22/10/2026
4. 43-074DE
   hansethermFunding round

   Hamburg · Heat pump planning and installation

   hansetherm closes a seed financing round of €10m. The Hamburg company plans, installs and services heat pumps for homeowners.

   Investor

   G-FUND

   Source: startbase.defirst reported 22/10/2026
5. 43-075DE
   InhalPlusFunding round

   Hannover · Biomarker platform for protein aggregates

   NBank Capital invests €12m in InhalPlus from Hanover. The company develops the biomarker platform SeRAS for detecting pathological protein aggregates.

   Investor

   NBank Capital

   Source: transkript.defirst reported 22/10/2026
6. 43-076CH
   NouscomFunding round

   Cancer immunotherapy development

   Nouscom completes an oversubscribed Series D financing round of €120m. The Swiss biotech company, backed by EQT, develops next-generation cancer immunotherapies. The round is led by M Ventures and Revelation Partners, with further investors including Angelini Industries, the European Investment Bank and Neva SGR.

   Investor

   M Ventures, Revelation Partners

   Advisers

   Walder Wyss (Sell-side)

   Source: Nouscomfirst reported 22/10/2026
7. 43-077DE
   Cellbox SolutionsFunding round

   Köln · Live cell transport, mobile incubators

   Cellbox Solutions closes its Series A round with a total of €5m. New participants are members of Baltic Business Angels Invest GmbH, a Canadian family office and an undisclosed investor, while existing investors NRW.BANK and Fraunhofer Venture participate again.

   Investor

   Companisto

   Source: startbase.defirst reported 21/10/2026
8. 43-078DE
   YGOFunding round

   Berlin · AI infrastructure for travel bookings

   The Berlin travel tech company YGO closes a Series A of €8m. Other investors are Sake Bosch, Caesar Capital and business angels.

   Investor

   Ventech

   Source: startbase.defirst reported 21/10/2026
9. 43-079DE
   Agile RobotsFunding round

   München · AI-controlled robotics

   Nvidia announces a stake in the Munich-based robotics manufacturer Agile Robots. Nvidia does not disclose the size of the investment or the stake.

   Investor

   Nvidia

   Source: trendingtopics.eufirst reported 20/10/2026
10. 43-080DE
    Avelios MedicalFunding round

    München · AI-native hospital information system

    Nvidia announces a stake in the Munich health tech startup Avelios Medical. Nvidia does not disclose the size of the investment or the stake.

    Investor

    Nvidia

    Source: trendingtopics.eufirst reported 20/10/2026
11. 43-081DE
    MireloFunding round

    Berlin · AI models for video-to-audio

    Nvidia announces a stake in the Berlin audio AI start-up Mirelo. Nvidia does not disclose the size of the investment or the stake.

    Investor

    Nvidia

    Source: trendingtopics.eufirst reported 20/10/2026
12. 43-082DE
    Reflex AerospaceFunding round

    München · Satellite manufacturing

    Nvidia announces a stake in the Munich-based satellite manufacturer Reflex Aerospace. Nvidia does not disclose the size of the investment or the stake.

    Investor

    Nvidia

    Source: trendingtopics.eufirst reported 20/10/2026
13. 43-083DE
    SMYCLESFunding round

    Magdeburg · AI-powered team planning software

    SMYCLES raises €1.5m in equity, led by the IBG funds of the state of Saxony-Anhalt under the management of bmp Ventures. Two private investors take part, and the startup moves its headquarters to Magdeburg.

    Investor

    IBG-Fonds Sachsen-Anhalt (Management bmp Ventures AG)

    Source: startbase.defirst reported 20/10/2026
14. 43-084EE
    Skeleton TechnologiesFunding round

    Supercapacitors, energy storage

    Siemens leads a nine-figure financing round in Skeleton Technologies and receives exclusive distribution rights in the data centre market. Skeleton is valued at over US$1bn.

    Investor

    Siemens

    Source: trendingtopics.eufirst reported 19/10/2026

Reported before 19/10/2026 and only now picked up by my sources. Details and source on the deal page.