Our Tech M&A Tracker rounds up all the mergers and acquisition activity within both the local and international technology industry this past three weeks. Send your M&A news to editors@techpartner.news
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Evergreen acquires pair of Adelaide MSPs
Lyra Technology Group has acquired Concept Data and its sister business Voice Select, an Adelaide-based managed services, cyber security and business communications provider.
xAmplify acquires ServiceNow specialist Accelerate IT Solutions
Accelerate, co-founded by John Boyland and Mayank Verma around nine years ago, is a two-time techpartner.news Fast50 honouree, placing at #33 in 2023 and rising to #13 in 2024.
Alceon takes majority stake in Engage Squared
The investment will fund deeper capability in AI, data and agents, headcount growth across APAC, and selective acquisitions aimed at adding capability and reach.
Sicona acquires US battery firm Advano
The deal gives Sicona immediate access to Advano's pilot manufacturing plant, research and development laboratories, and cell-testing equipment in New Orleans.
Dubber acquires Daisee assets to expand AI contact centre capability
The assets to be acquired include Daisee's customer contracts, intellectual property, technology assets and selected supplier contracts. Dubber also expects to take on certain Daisee personnel as part of the transaction.
Australian tech consultancy Alchemy Impact enters liquidation
The company’s web site previously listed services ranging from business strategy, planning and operating model transformation, to AI readiness and governance.
KKR-led consortium with Singtel Group to acquire ST Telemedia Global Data Centres
Global investment firm KKR, technology group Singtel, and ST Telemedia has announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a data centre colocation services provider, from founding shareholder ST Telemedia for a total consideration of S$6.6 billion (approximately US$5.1 billion).
This represents an implied enterprise value of approximately S$13.8 billion (approximately US$10.9 billion), including leverage and capital expenditure for committed projects.
Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in the Company, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the Company.
Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC now has 2.3GW of design capacity across 12 major markets in Asia Pacific and United Kingdom and Europe. It provides critical services including high-quality colocation, connectivity and round-the-clock support services. As demand for AI and cloud services continues to accelerate, it is fuelling the need for new data centres to drive resource-intensive workloads.
Databricks acquires Row Zero
Databricks has acquired Row Zero, the spreadsheet built for humans and agents to work together with data. The acquisition will expand the capabilities of Genie, Databricks’ AI coworker, which helps business teams turn data into trusted answers and actions. Genie can analyse why margins changed or produce a document on sales pipeline opportunities.
With Row Zero, Genie will add a familiar spreadsheet interface that business teams can use to explore, model, and collaborate, all on a governed foundation powered by Genie Ontology, Unity Catalog, and Unity Gateway.
Row Zero closes this gap by offering a scalable spreadsheet that connects directly to live, governed data. This means teams can work the way they always have, backed by built-in security and governance. And because they can work directly with the spreadsheet via Row Zero’s agent tools, every agent action remains fully interpretable and auditable by the business teams using the spreadsheet's syntax and processing model.
Row Zero will natively integrate with the Databricks Data + AI Platform, including Genie on web as well as desktop and mobile apps, so teams can easily move from chat to hands-on pivoting, modeling, and visualisation.
Designed to complement popular tools such as Microsoft Excel and Google Sheets, Row Zero features the familiar formulas, pivots, and keyboard shortcuts teams already know and love, so users can leverage their skills and assets frictionlessly. Row Zero features direct integration into leading data sources.
Queries honour each user's permissions, data auto-refreshes from authoritative live sources, exports can be locked down, and users can write results back, all without stale copies or manual refreshes. Every interaction is auditable, and security controls travel with the data wherever it goes. Row Zero also features a data processing engine that allows business users to work with billions of rows at interactive speeds
The team behind Row Zero was founded by former AWS and Tableau engineers. They are joining Databricks to continue expanding Genie’s capabilities. Row Zero will be available to all Databricks customers across all major clouds and will continue to feature support for data sources beyond Databricks.
AMD to acquire World Labs
AMD has entered into a definitive agreement to acquire World Labs, an AI model and research lab led by Dr. Fei-Fei Li. The acquisition will bring a team of researchers and model experts to AMD, strengthening its ability to develop AI hardware, software and systems around the needs of emerging models and applications.
World Labs’ expertise in developing advanced models will give AMD deeper insight into how workloads are evolving and help shape its future technology roadmaps. The acquisition advances AMD’s strategy to deliver AI infrastructure for an open ecosystem.
Headquartered in San Francisco, World Labs develops spatial-intelligence models that generate, reconstruct and simulate interactive 3D environments from text, image and video inputs, as well as technology for robotic learning and simulation. Following the close of the transaction, the World Labs team will continue to focus on advancing AI model research, and Dr. Fei-Fei Li will join AMD as executive vice president and chief scientist, reporting to Dr. Lisa Su.
The all-stock transaction is valued at approximately US$8.2 billion and is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions.
Microchip Technology completes acquisition of Hailo
Microchip Technology, a broadline supplier of semiconductors committed to making innovative design easier through total system solutions, has completed its acquisition of Hailo, a provider of accelerated edge AI processors, vision processors, robotics processors and AI software technologies.
The acquisition advances Microchip's strategy to enable intelligent, connected systems at the edge and expands its ability to deliver complete solutions for Edge AI, machine vision, robotics and Physical AI applications.
The addition of the Hailo product portfolio expands Microchip's Edge AI offerings with proven AI accelerators and vision processors supporting computer vision, transformer-based models, multimodal workloads and advanced video analytics. With this acquisition, Microchip’s portfolio will enable customers to develop intelligent edge systems ranging from low-power smart cameras to high-performance robotics, autonomous machines and next-generation Physical AI platforms.
Hailo brings an established ecosystem that includes more than 100 customers, an active developer community exceeding 10,000 users and broad engagement across open-source and AI development platforms. Microchip’s strategy is to continue investing in software tools, development environments and next-generation technologies that simplify AI adoption and accelerate deployment into production applications.
Microchip plans to continue supporting Hailo's existing product portfolio, software environment and customer engagements while driving future innovation across AI acceleration, vision processing and intelligent edge computing. Customers will be able to benefit from expanded access to Microchip's worldwide sales organisation, technical support resources and broad portfolio of embedded solutions.
The terms of the transaction were not disclosed, and the transaction is not expected to have a material impact on Microchip's financial results.
Nutanix acquires Ryax Technologies
Nutanix has announced its acquisition of Ryax Technologies (Ryax), an AI-driven compute orchestration and management platform company based in France. The acquisition will accelerate Nutanix’s strategy to empower enterprises to build, run, and govern agentic AI anywhere by integrating the Ryax platform’s advanced GPU utilization and smart scheduling capabilities directly into Nutanix Kubernetes Platform (NKP) and Nutanix Enterprise AI (NAI).
With the Ryax platform, Nutanix is targeting two critical architectural capabilities for customers: Intelligent Resource Optimization and AI-Aware Smart Scheduling.
The Ryax platform enables customers to make the most effective use of available computing resources, such as GPUs and CPUs, to improve performance and reduce waste. Customers are also able to automatically place AI workloads on cost-effective hardware to help maximize performance and budget. Together, these capabilities are designed to help customers advance AI initiatives by improving infrastructure efficiency, managing costs, and making better use of available hardware.
Nutanix plans to integrate the Ryax platform into future releases of NKP and NAI. The Ryax team will join Nutanix in France and will continue to drive this transformative technology forward. The financial impact of the acquisition is not material to Nutanix.
CDW to acquire Lovelytics
CDW has announced plans to acquire data and AI services firm Lovelytics, expanding CDW’s Data & Analytics Practice.
Lovelytics helps organizations modernise, govern and use their data to improve performance and deploy AI at scale. With experience across energy, manufacturing, retail, healthcare, financial services and media, Lovelytics combines deep Databricks expertise with industry-specific capabilities. The acquisition will bring those capabilities to more customers, supported by CDW’s scale and broad technology portfolio.
Founded in 2017 and headquartered in Arlington, Va., Lovelytics was the first consulting partner backed by Databricks Ventures and has been named a Databricks Partner of the Year across many industry categories since 2022, including the Energy & Utilities Partner of the Year and Brickbuilder Partner of the Year in 2026. Its specialists work exclusively in data and AI, embedding with customer teams to modernize data estates and deploy AI at scale. In 2023, Lovelytics partnered with Interlock Equity to accelerate its growth as a leading data and AI services firm and Databricks ecosystem partner.
The acquisition is a deliberate investment in CDW’s growth strategy, expanding its Services & Solutions portfolio in modern cloud, data and AI. Lovelytics adds specialized capabilities in an area of growing customer demand while strengthening CDW’s ability to help customers move from AI ambition to business and mission outcomes.
The transaction is valued at approximately US$525 million and is not expected to have a material impact on CDW’s financial results in 2026.
NetApp announces intent to acquire PEAK:AIO
NetApp has announced its intent to acquire PEAK:AIO, a company specialising in next-generation metadata architecture and high-performance parallel file systems.
The planned acquisition is expected to accelerate NetApp's AI infrastructure roadmap by augmenting metadata services and parallel namespace innovation designed to help AI clouds scale shared storage alongside growing GPU clusters.
By combining PEAK:AIO's specialized metadata innovations with NetApp ONTAP software, customers will benefit from a differentiated architecture that preserves the resilience, security, and operational maturity of ONTAP while introducing a new level of scalability for AI workloads, the company stated.
PEAK:AIO’s technology originated from collaborations with leading research institutions, including Los Alamos National Laboratory and Carnegie Mellon University, and was designed to address some of the industry's most demanding data-intensive computing challenges. The planned integration will add specialized metadata services and parallel namespace innovation to NetApp's ONTAP-based data architecture, while creating a clear evolution path for existing ONTAP customers.
PEAK:AIO’s metadata innovation extends metadata scale, delivers a global namespace, and enables parallel NFS-based access for massively parallel workloads, while NetApp contributes trusted ONTAP expertise, global reach, and operational maturity to make AI-scale file infrastructure more practical and accessible. Together, they are expected to deliver new capabilities that simplify the deployment and operation of shared storage for increasingly large AI environments.
The architecture is intended to support trillions of files and multi-exabyte deployments while preserving the resiliency, security, and operational simplicity customers expect from ONTAP. Designed around the needs of large-scale AI environments, it combines scalable metadata services, standards-based parallel NFS access, and ONTAP as the resilient data foundation to help reduce data-related GPU stalls, improve infrastructure efficiency, and accelerate AI innovation.
GTIA acquires The ASCII Group
The Global Technology Industry Association (GTIA) announced its acquisition of The ASCII Group, expanding its global member community and increasing investment in the programs, resources and experiences that support IT service providers (ITSPs) around the globe.
With the closing of the acquisition, ASCII will become a GTIA community, with increased investment to expand its reach and impact.
ASCII members will immediately also become GTIA members, gaining access to expanded resources in the GTIA member portal and a broader global channel community through GTIA’s international meetings, forums and ChannelCon events.
GTIA members will have the opportunity to join the ASCII community, adding a practical, robust library of business tools and resources and a dimension that drives incremental growth.
Adobe completes acquisition of Topaz Labs
Adobe completed its acquisition of Topaz Labs, an AI company specializing in video and image enhancement models.
Topaz Labs will continue as a standalone brand, and Adobe and Topaz will bring advanced capabilities directly into the tools and workflows creative professionals and enterprises already use.
Topaz Labs technology is available in Adobe Firefly and Photoshop to help creators and creative professionals upscale and enhance their images and videos while preserving the natural look and detail of the original. Its proprietary Neurostream technology lets professionals process complex AI models on their own devices or Topaz Lab’s cloud-based option. Restoring archival footage, refining low-light shots, enhancing mobile clips, preparing content for the big screen and bringing AI-generated videos to professional quality through creative upscaling will soon be possible within even more existing workflows.
Adobe will also optimize the performance of Topaz Labs models, while leveraging strong enterprise relationships and global reach to raise awareness of Topaz Labs among creative professionals.
The Topaz Labs brand will remain, and its apps and models will continue to be available as standalone products. Topaz Labs’ CEO Eric Yang will join Adobe's Digital Video and Audio team.
Goldman Sachs fund to acquire NOJA Power
Medium-voltage switchgear and grid automation technology firm NOJA Power has entered into a definitive agreement to be acquired by Goldman Sachs Alternatives.
This investment marks a milestone for the Brisbane-based manufacturer and positions the company to accelerate its next phase of international growth, innovation, and long-term investment in its business.
Under the terms of the agreement, founders Neil O’Sullivan, Oleg Samarski, Jay Manne, and Quynh Anh Le will make a significant reinvestment alongside Goldman Sachs Alternatives and will continue to lead the business.
The transaction remains subject to regulatory approvals, including a review by Australia’s Foreign Investment Review Board. Completion is expected later in 2026.
Ofload welcomes Queensland freight brokerage NTS
Ofload, an Australian-based digital freight partner, today announced that National Transport Solutions (NTS), a Queensland-based freight brokerage, has joined the Ofload network.
The move gives Ofload an established footprint in Queensland and adds diversified freight flows to its national network, including volume on southbound lanes that too often run underused. For NTS' customers and carrier partners, the day-to-day relationship continues as normal, now backed by Ofload's national carrier network and digital platform.
To support the transition, Ofload's Director of Integrations, Drew McKinnel, is relocating from Sydney to Brisbane to establish Ofload's Brisbane office, working alongside NTS co-founders Phil McConville and Grant Fisher through the handover. The new office gives Ofload a permanent presence in Queensland and a base to serve customers and carriers across the state.
The acquisition forms part of a broader inorganic growth strategy through which Ofload is selectively bringing established freight brokers into its network, consolidating a fragmented market at a time when scale and technology increasingly separate the businesses that thrive from those that struggle. That strategy is supported in part by an AUD$50 million asset-backed trade receivables facility from GCI Funds, an Australian private credit manager, which supports Ofload as it grows both organically and through selective acquisitions.
Ofload connects brands such as Asahi, AB Foods, Kimberly-Clark, Allied Pinnacle and Noumi with carriers in a smarter way to fill empty shipping capacity, utilising the thousands of kilometres of journeys per year otherwise wasted, and reducing CO2 emissions. The company actively supports Australia's small business carriers, connecting reliable small-to-medium-sized transport operators from the 'long tail' of the nation's AUD$76B road freight industry, with Australia's largest brands and shippers.
Ondas acquires GATE Technologies and Bron Technologies
Ondas, a provider of advanced autonomous systems and next-generation defense and security technologies and services, has acquired GATE Technologies Ltd. (“GATE”), an Israeli-based defense technology company specializing in Electronic Safe & Arm Devices (“ESADs”) and advanced electronic fuzing technologies used across modern precision weapons and autonomous strike systems; and Bron Technologies, a European manufacturing, certification and an affiliated company to GATE’s systems.
Ondas will pay US$205 million, the majority of which is payable in cash, plus a working capital adjustment and up to US$185 million of performance-based earn-out consideration. The earn-out is tied to financial targets through 2028 and may be paid, at Ondas’ election, in cash or Ondas common stock.
Ondas expects the acquired business to contribute more than US$130 million of aggregate Adjusted EBITDA through 2028.
Founded in 2006, GATE has developed a proprietary portfolio of highly configurable, miniaturised electronic safe-and-arm devices incorporating LEEFI initiation technology. Its technologies have been integrated into dozens of weapon systems globally, including rockets, missiles, UAVs and loitering munitions, providing mission-critical safety and fuzing capabilities inside modern weapons.
The acquisition significantly expands Ondas’ precision strike platform by adding a critical layer of the technology stack while opening new customer and ecosystem networks for growth. GATE’s capabilities complement Ondas’ existing technologies across autonomous strike platforms, propulsion, mission systems, resilient communications, engineering, production and software-enabled mission management, strengthening Ondas’ ability to provide integrated solutions across the complete autonomous strike architecture.
GATE is positioned to benefit from global inventory replenishment and increasing production of missiles, rockets, loitering munitions, UAVs and other autonomous effects. Its ESAD and EISD products provide mission-critical safety, arming and initiation functionality across these end markets.
Macmahon to acquire Aspect Engineering Solutions
Macmahon Holdings Limited has executed a Share Purchase Agreement to acquire 100% of Aspect Engineering Solutions Pty Ltd and associated subsidiaries (Aspect).
The acquisition is a strategically aligned expansion of Macmahon’s service offering, adding front-end engineering, detailed engineering, project delivery, minerals processing, and operations and maintenance capabilities to Macmahon’s established surface mining, underground mining and civil infrastructure businesses.
Aspect is a high-growth, low capital engineering and project delivery business that is highly complementary to Macmahon’s existing operations. The combined business will provide clients with an integrated pathway from concept and feasibility through engineering, construction, mining, minerals processing and maintenance.
This is expected to support earlier client engagement, longer client tenure, and increased exposure to low capital, higher margin revenue streams. Aspect’s Perth operations are supported by a licensed Vietnam engineering and support hub, providing additional resourcing and design capacity.
Aspect generated approximately A$75 million of FY26 revenue and A$15.2 million of FY26 EBIT. The business has more than 295 direct employees and more than 50 active clients across resources, infrastructure and energy - including lithium, gold, iron ore, industrial processing and energy infrastructure.
As at 31 May 2026, Aspect had approximately A$66.6 million of contracted backlog and an unweighted pipeline of approximately A$225.8 million. Its FY26 revenue mix included design & construct, construct-only, operations & maintenance, professional services, and other design and engineering activities. Aspect’s executive management will remain with the business, as will its workforce.
Macmahon intends to operate Aspect as a standalone business, retaining its brand, leadership and client-focused operating model while progressively introducing Macmahon governance, systems, project controls and workforce support. Completion is expected to occur in the current calendar year..
Stakk completes US$63M ParaScript acquisition
Stakk has successfully completed the US$63 million cash and scrip acquisition of ParaScript, LLC and ParaScript Management, Inc. (together, 'ParaScript'), transforming Stakk into a scaled and profitable and AI-native Digital Trust infrastructure group focused on combating fraud.
In the current financial year, the combined group is positioned to deliver approximately A$55.2 million in revenue and A$18.5 million in EBITDA, representing an EBITDA margin of approximately 34%.
ParaScript brings to Stakk more than 30 years of proprietary AI-powered document intelligence, deployed globally across international banks, law-enforcement and government agencies, healthcare organisations, and leading enterprise technology platforms.
Combined with Stakk’s existing contextual decisioning and pre-execution fraud-prevention infrastructure, these capabilities create an integrated platform spanning identity verification, document authentication, fraud prevention, transaction authorization, and real-time decisioning.
The combined platform now serves more than 300 enterprise customers across the United States, Europe, the Middle East and Australia and processes more than 110 billion interactions annually.
The combination creates multiple paths to growth. Stakk can introduce its contextual Digital Trust and decisioning capabilities to ParaScript’s enterprise customer base, while ParaScript’s document intelligence and authentication technology can be deployed across Stakk’s existing regulated-industry customers.
The group can also address a broader range of workflows within each customer without relying on the acquisition of additional technology or entry into unrelated markets. These opportunities are incremental to the substantial majority of FY2027 forecast revenue already supported by contracted customer commitments.
On completion, Emiliano Giacchetti was appointed Chief Executive Officer of Stakk IQ and ParaScript, and has joined the boards of both operating subsidiaries. Giacchetti’s role will evolve to Group Chief Executive Officer, giving him responsibility for the strategy, operations, and financial performance of Stakk Limited and its subsidiaries.
Netwealth to acquire Paradino
Netwealth is acquiring Paradino, an AI advice automation and productivity platform for Australian financial advisers.
The total consideration is for $20M, with additional $9M earn-out potential, funded from cash, equity and debt. There is also a commitment to invest a further $10M over two years to accelerate Paradino's product roadmap.
The company claimed Paradino can save an adviser 9+ hours per week, generating 38% in efficiencies. It was developed specifically for Australia's highly regulated advice market and combines workflow automation with deep advice and compliance knowledge.
As an agentic AI advice productivity platform, it generates file notes, strategy papers, SOAs and ROAs from meeting recordings, transcripts and source documents; has an in-product conversational AI assistant and knowledge base for unstructured client data; and has meeting minutes and action capture for SOA and ROA creation.
Post-completion will see Paradino being an autonomous subsidiary retaining full operational and P&L accountability, with board-anchored governance and oversight, with the lean, founder-led engineering culture to be preserved via a two-lane (BAU/joint-initiative) operating model.
The deal is expected to complete by the end of October 2026.
Citrea acquires Crest to bring Zcash-Style privacy to Bitcoin
Citrea, the Bitcoin application layer backed by Founders Fund and Galaxy Ventures, has announced the acquisition of Crest, a self-custodial private Bitcoin wallet.
Built on Citrea's Bitcoin-secured execution environment, Crest will aim to set a new benchmark for mobile, self-custodial Bitcoin privacy. To drive this vision forward, Crest founder Meliksah Gurtemel joins Citrea as Product Lead, reflecting a shared belief that privacy should be the easiest and most natural way to interact with Bitcoin.
In the coming weeks, Crest will launch its Bitcoin mobile wallet with auto-shielding, private BTC transfers, and seamless cross-chain onboarding from Bitcoin and Ethereum. The wallet will enable private cross-chain swaps where BTC can pay EVM addresses in USDC or ETH privately. Over time, the acquisition aims to extend private BTC utility across Citrea's broader ecosystem.
Pearson acquires assessment technology provider ITS
Pearson has acquired ITS, a Baltimore, Maryland-based assessment technology company specialising in the management, delivery and reporting of assessment programs.
The acquisition strengthens Pearson's core assessment and verification capabilities with proven technology and talent; expanding growth opportunities in professional assessment and related markets worldwide.
ITS' enterprise offerings complement Pearson's existing strengths and broaden the range of assessment services available to customers, including remote testing and proctoring, performance-based assessment, and continuous certification.
Following the acquisition, ITS will become part of Pearson Professional Assessments, building on an existing and successful longstanding commercial relationship between ITS and Pearson
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