Germany M&A Transactions

SWI Stoneweg Icona Group bolsters its AI compute strategy with a majority investment in Polarise, forming an integrated European AI infrastructure platform.

AEW Europe acquires a fully leased data center in Nuremberg, Germany, capitalizing on strong digital infrastructure demand and market growth.

Pilatus Aircraft strengthens European presence by acquiring Air Alliance GmbH, integrating sales, service, and operations. Deal subject to regulatory clearance.

Aperam S.A. strengthens its Alloys & Specialties division with the acquisition of Magnetec Group, boosting its presence in electrical and electronics markets.

Cafeyn Group expands European reach by acquiring Readly's non-Nordic business, enhancing its digital press platform and user base.

Global pharma major Lupin Limited completes acquisition of VISUfarma B.V., significantly expanding its ophthalmology portfolio and European market reach.

Henkel AG & Co. KGaA acquires ATP Adhesive Systems from Arsenal Capital Partners, enhancing its specialty adhesives and tapes offerings.

Uber strengthens its luxury transport segment by acquiring Blacklane. Learn how this deal impacts the premium ride-hailing market and its investors.

CapVest Partners completes €10 billion acquisition of STADA Arzneimittel AG, a leading global healthcare company, from Bain Capital and Cinven.

Afreshed consolidates DACH ugly produce market by acquiring Etepetete. Raiffeisen-Holding invests to fuel expansion and technology development.

Igneo Infrastructure Partners acquires Macquarie's OnStream, a leading smart meter provider in the UK and Germany, in a significant energy infrastructure deal.

TK Elevator

Advent International and Cinven are evaluating IPO or sale options for TK Elevator, with Kone acquisition talks fueling industry consolidation speculation.

Nestlé advances stake sale of its European water division for €5 billion. KKR, PAI Partners, and Clayton, Dubilier & Rice are key bidders.

Kaefer

Altor Equity Partners and SMS Group explore divesting stakes in industrial services firm Kaefer, with a potential valuation exceeding €2 billion.

Uber Technologies strengthens its premium mobility segment by acquiring Blacklane, enhancing its luxury chauffeur services for global travelers and executives.

SPIE strengthens its German industrial services with the acquisition of SGS Industrial Services Group, enhancing its value chain in energy and logistics sectors.

Henkel acquires OLAPLEX for $1.4 billion, enhancing its premium hair care portfolio. Advent International exits the deal amid accelerating beauty M&A activity.

SAP SE acquires Reltio Inc., a leader in cloud-native master data management, to strengthen its business AI and enterprise data solutions.

India's Moving Tech Innovations buys Netherlands-based Automicle, bringing its zero-commission mobility platform and open infrastructure to Europe.

Chequers Capital buys Aserti Group, a French industrial electronics repair and metrology specialist, from Parquest Capital. Focus on circular economy growth.

Apollo Global Management and Bain Capital are frontrunners in the €4 billion race to acquire Continental's ContiTech division, alongside Advent, CVC, Platinum, KPS, and Clearlake.

Sopra Steria's CS Group to acquire Starion and Nexova, enhancing its European space systems engineering and cybersecurity offerings. Deal expected H1 2026.

Cary Group

CVC Capital Partners and Nordic Capital explore €3 billion exit for Cary Group, a leading European vehicle glass repair platform, via sale or IPO.