Tech M&A Weekly Roundup

This week in Tech M&A, transactions stood out across AI infrastructure, climate software, fintech, cybersecurity, vertical SaaS and payments:

• Schneider Electric agreed to acquire approximately 90% of AiDASH in a $350m all-cash deal, adding satellite-powered AI software for grid resilience, vegetation management and climate-risk monitoring.
• Bending Spoons agreed to acquire Airtable in an all-cash transaction valuing the collaborative database and no-code platform at $1.285bn enterprise value.
• d-Matrix acquired Wallaroo.ai, adding deployment and orchestration software to its AI inference infrastructure platform.
• Mintoak acquired ICC Loyalty, expanding from merchant payments into loyalty and rewards technology serving more than 30 banks and 11m customers across multiple international markets.
• AutoRek acquired Grath, adding AI-driven reconciliation and compliance capabilities to its financial controls platform.
• FirstParty acquired Gulp Data, combining data valuation technology with tools designed to help enterprises commercialise proprietary datasets.
• Convey acquired Selectron, adding citizen engagement, field operations, inspections and payments to its software platform for utilities and municipalities.
• Mastercard completed its acquisition of BVNK, adding stablecoin infrastructure to its cross-border payments, settlement and treasury capabilities.
• RWS agreed to acquire Acolad for £22.4m enterprise value, continuing consolidation across language, localisation and AI-enabled content services.
• Fishbowl Inventory acquired Repfabric, connecting CRM, quoting and sales-management workflows with inventory, manufacturing and fulfilment software.
• Visa agreed to acquire BioCatch for $2.4bn in cash, adding behavioural biometrics and fraud intelligence designed to detect scams, account takeovers and mule activity earlier in the payment journey.
• Anaconda acquired Enkrypt AI, adding security, governance and compliance capabilities across enterprise AI models, agents and applications.
• Bank of America agreed to acquire MDSec Consulting, bringing specialist penetration testing, red-team and incident-response capabilities in-house.
• Logicalis USA acquired Loial, expanding its managed IT and cybersecurity services capabilities.
• BlueAlly acquired GigaNetworks, adding specialist networking, security implementation and technical services expertise.
• Electronic Arts completed its roughly $55bn take-private by a consortium backed by PIF, Silver Lake and Affinity Partners, one of the largest technology and media take-privates on record.
• Curium agreed to merge with Lantheus in a transaction worth up to $8bn, creating a larger radiopharmaceutical diagnostics and theranostics platform.
• Williams agreed to acquire Momentum Midstream for up to $5.5bn, adding gas infrastructure positioned around LNG, power and data-centre-related demand.
• P&G agreed to acquire Thorne for approximately $3.8bn, expanding further into premium supplements and personalised health.
• Prologis announced a recommended acquisition of SEGRO at approximately $18.8bn equity value, creating a significantly larger logistics and industrial real-estate platform.
• KKR agreed to acquire Integer Holdings for approximately $5.7bn enterprise value, taking private a medical-device engineering and outsourced manufacturing platform.
• Prysmian agreed to acquire Atkore for approximately $3.8bn enterprise value, expanding its electrical infrastructure offering across data centres, utilities, renewables and commercial construction.

What matters: buyers continue to move beyond individual products and acquire control over the infrastructure, data and workflows that sit underneath long-term technology trends. This week, that was particularly visible across AI deployment, enterprise data, fraud prevention, stablecoin payments and infrastructure supporting data-centre growth.

For CEOs, founders and investors, the signal remains consistent: businesses with proprietary data, mission-critical workflows and clear strategic relevance to larger platforms continue to attract buyer interest.