Month · September 2026

M&A deals September 2026

In September 2026 the Deal-Radar recorded 59 publicly reported transactions with a DACH link. The Deal-Radar has been published since Week 41/2026, the deals from September 2026 were added retrospectively and are not complete. For 31 deals the source names an adviser.

As of 19/10/2026 · Method

A+B Electronicacquired byMetis GroupPlatform of Gimv · 30/09/2026Labfishacquired byResonant Clinical SolutionsPlatform of Audax Private Equity · 30/09/2026Relias Learningcarved out toThieme30/09/2026

Base: 59 deals first reported in September 2026. SourcingClub was not involved in the transactions shown and works as a deal origination partner for some of the investors that appear here. Rankings by number of deals, the table by date of first report. Method · Report an error

Which types of deal?

Most often strategic acquisitions (25), followed by add-ons (11).

  1. Strategic acquisitions25
  2. Add-ons11
  3. Buy-outs4
  4. Carve-outs4
  5. Acquisitions out of insolvency4
  6. Minority stakes4
  7. Other7

Which investors were most active?

Most often Afinum Management with 3 deals, followed by two investors with 2 deals each. 23 investors in total.

  1. Afinum Management3
  2. DBAG2
  3. Maguar Capital2
  4. Ardian1
  5. Argos1
  6. Audax Private Equity1

Which sectors?

Most often Healthcare & Medtech (11), followed by Software, Data & AI (10).

  1. Healthcare & medtech11
  2. Software & AI10
  3. Energy & infrastructure5
  4. IT services5
  5. Media, leisure & education5
  6. Other23

Where are the targets based?

42 in Germany, 9 in Austria and 8 in Switzerland.

  1. Germany42
  2. Austria9
  3. Switzerland8

All 59 deals in September 2026, newest first

  1. 30/09Testing-Geschäft der Konrad GmbHTest automation · Radolfzell, DEtoProMikInsolvencyvia DBAG
  2. 30/09AhronHR tech, agentic AI · München, DEtoCusp CapitalFunding round
  3. 30/09A+B ElectronicElectronics manufacturing (EMS) · Großenkneten, DEtoMetis GroupAdd-onvia Gimv
  4. 30/09LabfishLaboratory equipment rental and calibration · DEtoResonant Clinical SolutionsAdd-onvia Audax Private Equity
  5. 30/09BCC Group InternationalFinTech market data platform · DEtoFactSet GmbHStrategic
  6. 30/09COPSCorporate treasury software · ATtoOmikronMergervia FLEX Capital
  7. 30/09Deutsche KosmetikwerkeSkincare, newkee brand · DEtoNanoReproStrategic
  8. 30/09DWT.Transaction and restructuring advisory · DEtoAuren DeutschlandMerger
  9. 30/09eBZElectricity meters · Bielefeld, DEtoKamstrupStrategic
  10. 30/09MIDESRepair and maintenance of medical technology · Graz, ATtoMedisolveStrategicvia H.I.G. Capital
  11. 30/09Relias LearningOnline learning platforms for medicine and nursing · DEtoThiemeCarve-out
  12. 29/09Digital HeavenOnline retail · CHtoRM Equity PartnersBuy-out
  13. 29/09Seniorenzentrum Unter der HomburgInpatient care · Stadtoldendorf, DEtoCURATACarve-out
  14. 29/09frootsWealthTech, asset management · Wien, ATtoAndreas Treichl, Reinhold Baudisch, Paul FattingerFunding round
  15. 29/09hello againWhite-label SaaS for customer loyalty · ATtoEMERAM Capital PartnersMinority stake
  16. 29/09Piomic MedicalRegenerative medical technology · CHtoSwisscantoFunding round
  17. 29/09Alltreu Revision & TreuhandTax advisory and auditing · DEtoLimetax GroupAdd-onvia Motive Partners
  18. 29/09Althammer & KillData protection and information security, health and social care · DEtosequrioAdd-onvia Afinum Management
  19. 29/09DATATREEData protection and IT security · DEtosequrioAdd-onvia Afinum Management
  20. 29/09HDS GebäudediensteBuilding cleaning · Hamburg, DEtoPHM DeutschlandAdd-onvia Norvestor
  21. 29/09NextworkTISAX expertise and IT consulting · München, DEtosequrioAdd-onvia Afinum Management
  22. 29/09MP MultipackPackaging and disposal solutions, technical trading · CHtoARENITStrategic
  23. 29/09ReiseweltTravel agency operator · ATtoRuefaStrategic
  24. 29/09Steinmüller EngineeringThermal process engineering, EPC plants · Gummersbach, DEtoMutaresCarve-out
  25. 28/09OXG GlasfaserFibre-optic infrastructure (FTTH) · DEtoSociété GénéraleMinority stake
  26. 28/09Grünhorn-GruppeMedical cannabis, online pharmacy and wholesale · DEtoHEAL GroupStrategic
  27. 28/09Luftbilddatenbank Dr. CarlsAerial image database for explosive ordnance surveys · DEtoDiehl DefenceStrategic
  28. 28/09NoxtuaLegal AI platform · Berlin, DEtoC.H. BeckStrategic
  29. 28/09OntinueManaged Extended Detection and Response · Zürich, CHtoQuorum CyberStrategic
  30. 28/09Westend EstatesProperty management, commercial real estate · Frankfurt, DEtoWestend BankStrategic
  31. 25/09WMD ServiceHousehold and everyday assistance under SGB · Dortmund, DEtoBIP IV SCSp (BIP Capital Partners)Buy-out
  32. 25/09FerroIndustrial skilled workers and assembly · Döttingen, CHtoNorlineAdd-onvia Argos
  33. 25/09MAI InternationalMachines for dry mortar and 3D concrete printing · ATtoGervin GroiniggSuccession
  34. 25/09AWO Soziale Dienste AnhaltOutpatient care service · Köthen, DEtoDRK-Kreisverband Köthen e.V.Insolvency
  35. 24/09ZIO Zentrum für Integrative OnkologieOutpatient cancer treatment · CHtoAffideaStrategic
  36. 24/09AltanoEquine clinic and practice network · Dülmen, DEtoBridgepointSecondary
  37. 24/09Fernheizwerk NeuköllnDistrict heating generation · Berlin, DEtoBEW Berliner Energie und WärmeStrategic
  38. 24/09Zeitverlag Gerd BuceriusPublisher, weekly newspaper DIE ZEIT · DEtoVerlagsgruppe Georg von HoltzbrinckStrategic
  39. 24/09REVO Hospitality Group (29 Hotels)Hotel operator · DEtoPRISM GroupInsolvency
  40. 23/09Dolphin TechnologiesAI telematics platforms for insurers · Wien, ATtoVienna Insurance GroupMinority stake
  41. 23/09VECTEDThermal imaging technology for military and dual-use · DEtoDeutsche Beteiligungs AG (DBAG)Minority stake
  42. 23/09G&F Gertner & FettbackDemolition, hazardous material remediation, recycling · Potsdam, DEtoCirQonoAdd-onvia DPE
  43. 23/09DigitaltestAutomatic test systems for circuit boards · DEtoARENITStrategic
  44. 23/09fobizzLearning platform and AI tools for schools · Hamburg, DEtoInfinitas LearningStrategicvia NPM Capital
  45. 23/09Krapf ImmobilienRegional estate agent · Höchstadt an der Aisch, DEtoPraedium GruppeStrategic
  46. 23/09NEOSATSatellite communications, multi-antenna systems · Dresden, DEtoRohde & SchwarzStrategic
  47. 23/09PHYTRONICSatellite communications, space waveforms · Dresden, DEtoRohde & SchwarzStrategic
  48. 23/09Zeitungsgruppe OstfrieslandRegional newspaper publisher · DEtoNOZ/mh:nStrategic
  49. 22/09ConSenseSoftware for quality and management systems · Aachen, DEtoMaguar CapitalBuy-out
  50. 22/09qbeesManaged IT services for finance · Ohlstadt, DEtoMain Capital PartnersBuy-out
  51. 22/09ViatoHotel distribution software, booking engine · Freiburg, DEtoLHS Leading Hospitality SolutionsAdd-onvia Elvaston
  52. 22/09Lay GewürzeSpices and food ingredients · DEtoAlmi GroupStrategic
  53. 22/09tts digital HR expertsDigital HR consulting · Heidelberg, DEtoHR PathStrategicvia Ardian
  54. 22/09Wassermessergeschäft von EYKONWater meters · CHtoSensus InternationalCarve-outvia AURELIUS
  55. 22/09Julius Stiglechner (Tankstellen)Petrol station operation · Graz, ATtoTank RothInsolvency
  56. 21/09ITMRadioisotopes and radiopharmaceuticals · München, DEtoTelix PharmaceuticalsStrategic
  57. 20/09ScableSmart factory software, shopfloor management · DEtoshyftplanAdd-onvia Maguar Capital
  58. 15/09SpeedfitBudget fitness studio chain · ATtoBasic-FitStrategic
  59. 01/09TOLUS GroupMachine tool trading and automation · CHtoMarubeni CorporationStrategic
30/09Testing-Geschäft der Konrad GmbHTest automation · RadolfzelltoProMikInvestorDBAGInsolvencyDE30/09AhronHR tech, agentic AI · MünchentoCusp CapitalFunding roundDE30/09A+B ElectronicElectronics manufacturing (EMS) · GroßenknetentoMetis GroupInvestorGimvAdd-onDE30/09LabfishLaboratory equipment rental and calibrationtoResonant Clinical SolutionsInvestorAudax Private EquityAdd-onDE30/09BCC Group InternationalFinTech market data platformtoFactSet GmbHStrategicDE30/09COPSCorporate treasury softwaretoOmikronInvestorFLEX CapitalMergerAT30/09Deutsche KosmetikwerkeSkincare, newkee brandtoNanoReproStrategicDE30/09DWT.Transaction and restructuring advisorytoAuren DeutschlandMergerDE30/09eBZElectricity meters · BielefeldtoKamstrupStrategicDE30/09MIDESRepair and maintenance of medical technology · GraztoMedisolveInvestorH.I.G. CapitalStrategicAT30/09Relias LearningOnline learning platforms for medicine and nursingtoThiemeCarve-outDE29/09Digital HeavenOnline retailtoRM Equity PartnersBuy-outCH29/09Seniorenzentrum Unter der HomburgInpatient care · StadtoldendorftoCURATACarve-outDE29/09frootsWealthTech, asset management · WientoAndreas Treichl, Reinhold Baudisch, Paul FattingerFunding roundAT29/09hello againWhite-label SaaS for customer loyaltytoEMERAM Capital PartnersMinority stakeAT29/09Piomic MedicalRegenerative medical technologytoSwisscantoFunding roundCH29/09Alltreu Revision & TreuhandTax advisory and auditingtoLimetax GroupInvestorMotive PartnersAdd-onDE29/09Althammer & KillData protection and information security, health and social caretosequrioInvestorAfinum ManagementAdd-onDE29/09DATATREEData protection and IT securitytosequrioInvestorAfinum ManagementAdd-onDE29/09HDS GebäudediensteBuilding cleaning · HamburgtoPHM DeutschlandInvestorNorvestorAdd-onDE29/09NextworkTISAX expertise and IT consulting · MünchentosequrioInvestorAfinum ManagementAdd-onDE29/09MP MultipackPackaging and disposal solutions, technical tradingtoARENITStrategicCH29/09ReiseweltTravel agency operatortoRuefaStrategicAT29/09Steinmüller EngineeringThermal process engineering, EPC plants · GummersbachtoMutaresCarve-outDE28/09OXG GlasfaserFibre-optic infrastructure (FTTH)toSociété GénéraleMinority stakeDE28/09Grünhorn-GruppeMedical cannabis, online pharmacy and wholesaletoHEAL GroupStrategicDE28/09Luftbilddatenbank Dr. CarlsAerial image database for explosive ordnance surveystoDiehl DefenceStrategicDE28/09NoxtuaLegal AI platform · BerlintoC.H. BeckStrategicDE28/09OntinueManaged Extended Detection and Response · ZürichtoQuorum CyberStrategicCH28/09Westend EstatesProperty management, commercial real estate · FrankfurttoWestend BankStrategicDE25/09WMD ServiceHousehold and everyday assistance under SGB · DortmundtoBIP IV SCSp (BIP Capital Partners)InvestorBIP Capital PartnersBuy-outDE25/09FerroIndustrial skilled workers and assembly · DöttingentoNorlineInvestorArgosAdd-onCH25/09MAI InternationalMachines for dry mortar and 3D concrete printingtoGervin GroiniggSuccessionAT25/09AWO Soziale Dienste AnhaltOutpatient care service · KöthentoDRK-Kreisverband Köthen e.V.InsolvencyDE24/09ZIO Zentrum für Integrative OnkologieOutpatient cancer treatmenttoAffideaStrategicCH24/09AltanoEquine clinic and practice network · DülmentoBridgepointSecondaryDE24/09Fernheizwerk NeuköllnDistrict heating generation · BerlintoBEW Berliner Energie und WärmeStrategicDE24/09Zeitverlag Gerd BuceriusPublisher, weekly newspaper DIE ZEITtoVerlagsgruppe Georg von HoltzbrinckStrategicDE24/09REVO Hospitality Group (29 Hotels)Hotel operatortoPRISM GroupInsolvencyDE23/09Dolphin TechnologiesAI telematics platforms for insurers · WientoVienna Insurance GroupMinority stakeAT23/09VECTEDThermal imaging technology for military and dual-usetoDeutsche Beteiligungs AG (DBAG)InvestorDBAGMinority stakeDE23/09G&F Gertner & FettbackDemolition, hazardous material remediation, recycling · PotsdamtoCirQonoInvestorDPEAdd-onDE23/09DigitaltestAutomatic test systems for circuit boardstoARENITStrategicDE23/09fobizzLearning platform and AI tools for schools · HamburgtoInfinitas LearningInvestorNPM CapitalStrategicDE23/09Krapf ImmobilienRegional estate agent · Höchstadt an der AischtoPraedium GruppeStrategicDE23/09NEOSATSatellite communications, multi-antenna systems · DresdentoRohde & SchwarzStrategicDE23/09PHYTRONICSatellite communications, space waveforms · DresdentoRohde & SchwarzStrategicDE23/09Zeitungsgruppe OstfrieslandRegional newspaper publishertoNOZ/mh:nStrategicDE22/09ConSenseSoftware for quality and management systems · AachentoMaguar CapitalBuy-outDE22/09qbeesManaged IT services for finance · OhlstadttoMain Capital PartnersBuy-outDE22/09ViatoHotel distribution software, booking engine · FreiburgtoLHS Leading Hospitality SolutionsInvestorElvastonAdd-onDE22/09Lay GewürzeSpices and food ingredientstoAlmi GroupStrategicDE22/09tts digital HR expertsDigital HR consulting · HeidelbergtoHR PathInvestorArdianStrategicDE22/09Wassermessergeschäft von EYKONWater meterstoSensus InternationalInvestorAURELIUSCarve-outCH22/09Julius Stiglechner (Tankstellen)Petrol station operation · GraztoTank RothInsolvencyAT21/09ITMRadioisotopes and radiopharmaceuticals · MünchentoTelix PharmaceuticalsStrategicDE20/09ScableSmart factory software, shopfloor managementtoshyftplanInvestorMaguar CapitalAdd-onDE15/09SpeedfitBudget fitness studio chaintoBasic-FitStrategicAT01/09TOLUS GroupMachine tool trading and automationtoMarubeni CorporationStrategicCH

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Information from public sources, without guarantee and without claim to completeness. No investment or legal advice.