Tech M&A Weekly Roundup

This week in Tech M&A, transactions stood out across enterprise data, supply-chain software, AI infrastructure, digital fitness, fintech, cybersecurity and deep tech:

• Progress Software agreed to acquire substantially all of Domo’s assets, including its AI and data platform, expanding its enterprise data and business intelligence capabilities.
• Altana acquired Cervo AI, adding agentic automation for customs brokerage and trusted-trade workflows.
• WiseTech Global agreed to acquire FRDM.ai for $10m upfront, adding AI-powered supply-chain risk and compliance intelligence to its logistics software platform.
• Garmin acquired TrainingPeaks and TrainHeroic, expanding beyond connected devices into recurring athlete and coaching workflows.
• BasicBlock acquired TrueNorth, combining freight factoring with a loadboard and AI dispatch platform for carriers and small fleets.
• GrubMarket completed its acquisition of SPUD, expanding its online grocery and tech-enabled food distribution footprint in Canada.
• SoundCloud acquired Nina Protocol, adding direct-to-fan monetisation, music discovery and editorial capabilities for independent artists.
• Dassault Systèmes was reported to be in talks to acquire ArisGlobal for around $2bn, potentially expanding its life sciences software stack across clinical development, drug safety and regulatory compliance.
• SwiftConnect acquired HID SAFE, adding physical access governance to its connected workplace access platform.
• NetApp acquired DataPelago, bringing GPU-accelerated data processing technology into its enterprise AI infrastructure portfolio.
• Siemens agreed to acquire Defacto Technologies, adding automated system-on-chip design capabilities to its electronic design automation portfolio.
• Marchex completed its acquisition of Archenia, combining conversational intelligence with AI-powered customer qualification and acquisition technology.
• Truecaller agreed to acquire TextPlus for $15m, expanding its US communications platform into internet calling and second-number services.
• KORE completed its take-private by Searchlight Capital Partners and Abry Partners, giving the IoT connectivity and analytics platform longer-term private backing.
• Keyrock completed the acquisition of BlockFills’ institutional digital-asset trading and brokerage assets.
• Genki acquired Wave Claims and Claim OS, adding AI-enabled claims automation to its digital health insurance platform.
• BTS Software Solutions acquired Augury, adding mission software engineering and programmable hardware capabilities for government and defense customers.
• VAT Group agreed to acquire Atonarp for CHF 110m, adding real-time molecular profiling technology for semiconductor and industrial manufacturing processes.
• NINJIO acquired SafeStack, expanding its human-risk management platform into secure coding and application-security training.
• Brookfield agreed to acquire battery-storage platform Aypa Power from Blackstone in a transaction valued at approximately $7bn at closing.
• Prologis made a final offer valuing SEGRO at approximately £14bn, with SEGRO’s board indicating that it would be minded to recommend the financial terms.
• Repligen agreed to acquire BioLife Solutions for approximately $1.5bn, expanding its cell therapy and bioprocessing infrastructure portfolio.
• Matador Resources agreed to acquire Paloma Permian for approximately $1.28bn in cash, continuing consolidation in the Permian Basin.

What matters: buyers continue to prioritise assets that improve control over data, automate specialised workflows and strengthen infrastructure supporting AI, logistics and regulated industries. This week’s activity also shows the continued appeal of vertical platforms with proprietary data, embedded customer relationships and clear strategic adjacencies.

For CEOs, founders and investors, the signal remains consistent: businesses that own mission-critical workflows and can extend a buyer’s platform into valuable new capabilities remain well positioned to attract strategic interest.