MERCALUZ acquired by GRAFTON GROUP

The global safety science leader has signed a definitive agreement to acquire the electrical and electronics testing business of Eurofins Scientific, a French life sciences laboratory group. This strategic transaction represents a definitive portfolio pruning for the seller, marking a structural exit from the technical industrial testing space to concentrate resources on its core bio-analytical segments. The strategic rationale for the move centers on the acquirer's objective to broaden its technical operational depth in the high-growth electronics compliance market while achieving significant geographic densification in North America and Asia

The transaction involves the 100% acquisition of Geocomp srl by Siwis, a platform company backed by Bravo Capital Partners II. This deal represents the third strategic acquisition for the platform, following its previous investments in Ekso srl and Drilling Solutions srl. The transaction structure includes an equity component where the founder of Geocomp, Pier Luigi Baldi, reinvests as a partner in the Siwis group, signaling strong alignment with the platform’s long-term value creation strategy. Strategically, this acquisition is designed to enhance the group's technical capabilities in network monitoring, territorial data management, and leakage detection, which are highly complementary to its existing no-dig pipeline remediation services

CERTANIA Holding GmbH has completed the acquisition of ICA Group from CEPS PLC and other shareholders. The acquisition was structured with an upfront payment and a contingent earn,out payment for certain shareholders, though the primary corporate seller received full consideration for its equity ownership upon completion to ensure a fully de-risked exit. This transaction strengthens the acquirer's Buildings and Infrastructure segment in the United Kingdom and Ireland, complementing existing portfolio companies such as BB7 and Clarke Banks

Studsvik AB has finalized the acquisition of Kärnfull Next, a specialized developer of small modular reactor (SMR) projects, to transition from a technical services provider into a full-lifecycle nuclear platform. This strategic move allows the organization to integrate its historical expertise in fuel technology, materials analysis, and radioactive waste management with early-stage project development, site selection, and feasibility studies. The partnership aims to accelerate the deployment of decentralized nuclear energy solutions across Sweden, capitalizing on the increasing demand for energy security and carbon-neutral power

Chequers Capital, in partnership with management, has acquired Groupe Aserti from Parquest Capital in a fourth LBO transaction. Negotiated on a bilateral basis without an auction, the deal ensures continuity under CEO Pierre Brisset, who took over in 2020 after founder Jean-Louis Gaertner retired. Financing includes senior debt from a pool led by CIC Ouest alongside Crédit Agricole du Morbihan, Caisse d’Epargne Bretagne Pays de Loire, and Arkéa, plus mezzanine debt from CIC Private Debt. The transaction transfers a platform of over 380 employees, 28 facilities in France and Germany, and 10,000 active industrial clients

The acquisition of Sigma Tre Lab by Phenna Group signifies a major territorial advancement for the group’s Industrial Division, marking its sixth acquisition in Italy within eighteen months. The strategic logic of this transaction hinges on a "specialist-technical" maneuver, merging the target’s technical operational depth in metallic materials testing with the acquirer’s global scale and sophisticated buy-and-build infrastructure. This alignment equips the organization with the scientific talent and laboratory hardware necessary to address the increasing complexity of industrial validation across Southern Europe

Peninsula Capital has acquired a majority stake in EQA (European Quality Assurance), a leading player in Spain's certification, inspection, and verification services sector. The transaction takes place in a market characterized by significant fragmentation and favorable structural trends, driven by increasing regulatory requirements, growing ESG considerations, and the digitalization of compliance processes. Against this backdrop, Peninsula Capital is targeting robust platforms that can serve as a foundation for European-wide consolidation strategies

Emagine has completed the 100% acquisition of the Dutch consultancy Waada The Movement, following a preliminary agreement reached in January 2026. The transaction fully integrates Waada’s specialized brands, Prowareness and DevOn, into emagine’s unified global operating model. The strategic rationale for the deal is to strengthen emagine's ability to execute complex digital transformation programs by combining strategic advisory with deep engineering capacity. Notably, the acquisition triples emagine’s engineering presence in India, providing the scale required for global enterprise programs

DXP Enterprises, Inc. has completed the acquisition of Pump Solutions, Inc., a specialized entity focused on marketing pumps, control systems, and associated maintenance services, primarily catering to the water and wastewater treatment sector. This equity-financed transaction provides DXP with a strategic presence in Texas, enabling the company to enhance its capacity to meet client needs in the water and wastewater domain through an expanded range of services and products. The deal also allows DXP to consolidate its distribution network and strengthen ties with local clients by offering a broader array of technical solutions and repair services

Vulcain Engineering Group has acquired a majority stake in Incico. The current CEO and key management have reinvested to retain a minority stake and will continue to lead the company. Historical shareholder Giovanni Monini sold his stake but remains as VP of Business Development. Ten other managers also entered the capital structure. This acquisition serves as Vulcain's strategic entry point into the Italian market, with plans to double Incico's Italian revenue to EUR50m within three years.