FLEET acquired by ISAI

Combinedx AB has entered into a definitive agreement to divest its wholly-owned subsidiary, Nethouse, to Nordlo. This strategic carve-out allows Combinedx to realize significant value from an asset it acquired in 2020, while providing Nordlo with a highly profitable and specialized infrastructure unit. The transaction is subject to customary regulatory approvals from the Swedish Competition Authority and the Inspectorate of Strategic Products (ISP), with closing expected within five weeks of the announcement. The strategic rationale for Combinedx is the optimization of its portfolio and the generation of surplus liquidity, which the board intends to evaluate for potential extraordinary dividends or reinvestment into higher-growth digital segments. For Nordlo, the acquisition of Nethouse adds significant scale to its cloud and security offerings, integrating a team of 120 experts with a proven track record in high-availability systems.

Spyrosoft has signed a definitive agreement to acquire 100% of the shares in MD Consulting und Informationsdienste GmbH, a strategic move designed to significantly bolster its presence in the German market. This acquisition follows Spyrosoft's stated objective to deepen its penetration in the DACH region, which already accounts for approximately 25% of the group's total turnover. The strategic rationale for the deal is centered on diversification and market access. By integrating MD Consulting, Spyrosoft gains an established gateway into the German public sector, a segment characterized by high technical requirements and significant barriers to entry for non-local firms. This allows Spyrosoft to apply its large-scale software engineering capabilities to public procurement projects that were previously difficult to access.

A consortium consisting of Bridgepoint and Polaris Private Equity has reached a definitive agreement to acquire PDSVISION from the CapMan Buyout XI Fund. This transaction represents a successful exit for the seller, who invested in 2020 as the inaugural deal of its eleventh fund. During the holding period, the target underwent a massive international transformation, expanding from a Nordic-focused organization into a global player with a footprint in 15 countries. The strategic growth was fueled by a combination of robust organic performance and aggressive add-on acquisitions, supported by financing partner CORDET. The new majority owners intend to build upon the established foundation to further accelerate the target’s international journey and deliver enhanced value to its global manufacturing customer base. The transaction is subject to customary regulatory approvals and is expected to close in the first half of 2026.

Partners Group has agreed to sell atNorth to a consortium comprising CPP Investments and Equinix. Under the agreement, CPP Investments will hold a 60% controlling interest, with Equinix owning the remaining 40%. The transaction marks a successful exit for the seller, who transformed the company from a smaller base into a leading pan-Nordic platform, increasing contracted EBITDA 14-fold since 2022. The deal includes a provisionally agreed financing package of 4.2 billion dollars to fund both the acquisition and the aggressive expansion of the company’s 1.8 GW secured power pipeline. Strategically, the acquisition provides the acquirers with immediate access to significant high-density capacity in key Nordic markets to meet the surging demand for AI and hyperscale workloads. The seller has committed to reinvesting and acquiring up to 10% of the company, signaling continued confidence in the platform's future growth.

Computacenter acquired 100% of AgreeYa Solutions. This deal is immediately earnings accretive. AgreeYa enhances Computacenter's existing capabilities in the areas of cloud, data, automation and AI; digital engineering (app modernisation, development and testing); modern workplace and IT staffing (expert services). The addition of AgreeYa to Computacenter North America is expected to increase Computacenter's annualised North American Professional Services revenue to over $350m.

Coforge has successfully entered into a definitive agreement to acquire 100% of Encora, a strategic move designed to establish the combined organization as a premier AI-driven engineering powerhouse. The strategic rationale for the transaction centers on building a scaled technical "moat" underpinned by AI-native DNA and agentic AI platforms. This integration significantly expands the group's near-shore delivery capabilities, particularly within the LATAM region, providing specialized engineering talent to service the North American market. By incorporating the target’s Silicon Valley-born expertise, the organization reinforces its ability to create enterprise data cores and cloud foundations specifically built for artificial intelligence. The partnership focuses on achieving material scale in high-growth industry verticals such as Hi-Tech and Healthcare, while substantially increasing the group's client footprint in the West and Mid-West United States. This acquisition facilitates the repositioning of the firm as a leader in Agent-Native product engineering, providing the strategic depth required to make the promise of enterprise AI real for a global client base.

EMK Capital has signed a binding agreement to acquire a majority stake in Project Informatica from HIG Europe, ending the latter's five-year investment cycle. The strategic rationale for the transaction is to support the next phase of the group's evolution within the rapidly consolidating Italian ICT services market. HIG and the existing management team will reinvest alongside EMK to maintain leadership continuity and capitalize on the group’s established reputation as a leading system integrator. The partnership aims to accelerate the group’s expansion into advanced technological services and further strengthen its leadership position through the continued integration of specialized digital capabilities. This transition marks the shift from a successful build-up phase under previous ownership to a large-scale consolidation strategy intended to broaden the range of solutions provided to a growing base of public and private sector clients.

The transaction involves the acquisition of a 60% stake in 4IT Solutions by Var Group (part of the Sesa Group, which is listed on the Milan Stock Exchange), with put and call options established to facilitate the potential acquisition of the remaining share capital in the future. This business combination is a strategic move designed to accelerate the acquirer’s internationalization journey and consolidate its footprint in the Swiss market. The deal creates substantial operational synergies by uniting the target's specialized managed services and local market expertise with the acquirer’s broader service portfolio, financial scale, and R&D resources. The strategic rationale centers on providing an integrated, end-to-end IT service offering to Swiss businesses, particularly in the areas of infrastructure management, networking, and data protection. By leveraging the target's existing relationship with private and public sector clients in the Canton of Ticino, the acquirer strengthens its ability to deliver local, tailored support while maintaining service scalability. This partnership effectively addresses the rising market demand for operational continuity and resilience, allowing the combined entity to support both organizations with internal IT resources and those requiring fully managed external services.

Magellan Partners reorganizes its capital structure by welcoming ICG as a new minority shareholder, replacing Capza. This transaction is pivotal as it secures the financing for Magellan's transformative acquisition of Worldline's Mobility & e-Transactional Services (MeTS) business (valued at EUR410m). The deal values Magellan Partners at approximately EUR900 million. By integrating MeTS, the new group will double in size, creating a European leader in secure digital payments and mobility platforms with EUR900 million in revenue.

Synova has agreed to acquire Allgeier IT Services GmbH from the listed German technology group Allgeier SE. The transaction is structured as a carve-out, separating the managed services unit from the parent group's software engineering core. Strategically, Synova aims to use AITS as a consolidation platform to buy and build in the highly fragmented German IT services market. The plan includes investing in the company's commercial engine and pursuing add-on acquisitions to expand geographically and technological