M&A

AMETEK closes $5 billion Indicor Instrumentation deal
The acquisition adds $350 million in annual sales and bolsters AMETEK’s industrial and scientific instrument portfolio. Integration planned under the Electronic Instruments and Electromechanical Groups.

Arcline completes $29 per share cash acquisition of AstroNova
AstroNova delists from Nasdaq after private equity firm Arcline acquires all shares for $29 in cash. Shareholders to receive payment via letter or brokerage accounts.

AMETEK completes $5 billion acquisition of Indicor Instrumentation
Deal adds $350 million in annual sales for 2026 and bolsters AMETEK's industrial and scientific instrument portfolio. Integration planned under Electronic Instruments and Electromechanical Groups.

Arcline completes AstroNova acquisition for $29 per share
Private equity firm Arcline Investment Management finalizes all-cash deal valuing AstroNova at $555 million. AstroNova stock delisted from NASDAQ following acquisition.

Desktop to acquire remaining 30% of Fasternet for R$98 million
Deal to consolidate full ownership of São Paulo-based internet provider follows 2023 acquisition of 70% stake. Payment to be made in cash within 15 days.

Nvidia in talks to buy AI platform Hugging Face for over $13 billion
Chipmaker Nvidia is in advanced discussions to acquire Hugging Face, a leading open-source AI platform, for more than $13 billion. The deal would mark Nvidia's latest major AI-sector acquisition amid a surge in generative AI investment.

Nvidia in talks to acquire AI platform Hugging Face for $12.9 bln
Chip giant Nvidia is in advanced discussions to buy Hugging Face, a leading open-source AI model platform, for $12.9 billion. The deal would be among Nvidia's largest acquisitions.

Industrial Physics buys Vitrek in undisclosed test-equipment deal
KKR-backed Industrial Physics acquires precision measurement specialist Vitrek, expanding its test and measurement portfolio with brands including GaGe and MTI. Financial terms remain undisclosed.

KKR to pay $250 million in U.S. antitrust settlement over merger filings
Private equity firm settles civil case alleging repeated violations of HSR Act premerger filing requirements. Penalty is the largest ever imposed for such violations.

Private equity, defense tech drive cross-border M&A surge in 2025
Apollo’s £3.5 billion EasyJet deal and Tokio Marine’s potential $5 billion IAG bid headline a wave of strategic M&A across sectors, from defense tech roll-ups to regional U.S. banking consolidation.

RedBird Capital to acquire majority stake in Puck Media for $250 million
Private equity firm RedBird Capital seeks control of digital media publisher Puck in a strategic recapitalization valued at $250 million, pending final shareholder negotiations.

MTN seeks buyers for $1.1 bln IHS Nigeria stake to meet Nigeria antitrust terms
South African telecoms group MTN aims to sell a 30% stake in IHS Nigeria, valued at up to $1.1 billion, to local investors to comply with Nigerian competition rules. Proceeds will reduce debt tied to IHS.

MTN seeks up to $1.1bn for 30% stake in IHS Nigeria
Telecoms group MTN Group is marketing a 30% stake in IHS Nigeria to local investors, with proceeds earmarked for debt reduction at the tower operator. The sale process is subject to Nigerian competition regulator approval.

California AG rules out Paramount settlement talks amid antitrust suit
No settlement negotiations scheduled with Paramount Skydance as antitrust lawsuit over $110 billion Warner Bros Discovery merger faces March trial. California AG cites leaked details as unacceptable.

Nvidia in talks to acquire AI startup Hugging Face for over $13 billion
Reported discussions follow Nvidia's recent AI acquisitions and $18 billion equity commitment. Deal would deepen AI infrastructure expansion.

SEC clears VerifyMe-OpenWorld merger for shareholder vote
U.S. regulator approves business combination that would create blockchain-focused OpenWorld, Inc., trading as OPNW on NASDAQ after shareholder approval on Sept. 24.

Nemera owners weigh €3 bln sale after GLP-1 device demand surge
French drug delivery device maker Nemera attracts takeover interest amid surging demand for GLP-1 weight-loss and insulin delivery systems. Owners in early sale process.

Banco BPM rejects Monte Paschi's unsolicited takeover bid
Italian lender Banco BPM declined Monte Paschi's offer to acquire it and Banca Generali, citing the absence of a shareholder premium. The proposal valued Banco BPM at €25.3 billion.

Somnigroup completes $2.3 billion Leggett & Platt deal
The all-stock acquisition, valued at $2.3 billion, gives Somnigroup control of Leggett & Platt’s global manufacturing network. Former Leggett shareholders now hold about 9% of the combined group.

Private equity owners explore Nemera sale after GLP-1 device demand surge
Astorg and Montagu evaluate exit from drug delivery device maker Nemera, potentially valuing the company at €3 billion. Advisory process to begin in coming months.

ZenaTech acquires ESM Software for strategy execution and compliance tools
Deal adds strategy execution, performance management and cybersecurity compliance software to ZenaTech's SaaS portfolio. ESM serves over 8,000 users across government, healthcare and financial services.

Monte Paschi launches unsolicited takeover bid for Banco BPM
Italian lender proposes €25.3 bln deal for Banco BPM and Banca Generali, offering no premium to BPM shareholders while including a 10% uplift for Generali. Board to review offer.

Madison Air shares surge 10% on $2.25B placement for ebm-papst deal
The NYSE-listed firm will fund a $5 billion acquisition of ebm-papst with a $2.25 billion share sale and $2.8 billion in debt and cash. Shares rose 10% as insiders committed $620 million to the placement.

Apollo, KKR, IFM enter final round for £10bn AB Ports stake
Three global investment firms compete to acquire a majority stake in the UK’s largest port operator, valued at £10 billion. The sale targets a 64% holding currently held by Canadian pension funds.

