ONGOING WAREHOUSE acquired by CINVEN

Dragos, a leading US-based OT cybersecurity specialist, has announced the acquisition of Phosphorus to expand its platform beyond traditional industrial systems and cover the entire extended operational technology (xOT) environment. The move aims to integrate Phosphorus' capabilities in managing connected devices into Dragos' existing offering, which is already focused on monitoring critical infrastructure. The combination brings together two complementary layers of cybersecurity: on one hand, the security of OT networks and architectures, and on the other, the protection of the millions of connected devices operating on these same infrastructures

Investcorp has announced a strategic investment in Metra, as part of a transaction aimed at supporting the company's next phase of growth and its path towards a potential initial public offering (IPO). The deal involves a minority stake and marks the first institutional investment in this third-generation family business, which has historically been 100% owned by its founders. The transaction is a classic example of growth capital investment, taking advantage of the strong growth momentum in the IT distribution technology market in the GCC region

The acquisition of Nostrum Group by IREN Limited is a strategic move that will enable the company to expand its footprint in Europe and add significant development, engineering, construction, and operations capability in support of its global AI Cloud Services strategy. The transaction is subject to the satisfaction of certain closing conditions and is expected to be completed in the near future. The acquisition will provide IREN Limited with access to Nostrum Group's high-quality data center assets in Spain, including approximately 490MW of power capacity, as well as a pipeline of additional development projects

The deal involves Isatis Capital acquiring a 40% stake in Captivea, marking the software integrator's first opening of its capital to a financial investor. The transaction aims to reinforce Captivea's equity and allow for a partial cash-out for its founder, Sébastien Riss. The deal is expected to support Captivea's international expansion, with the company already having a strong presence in seven countries. Isatis Capital's investment is seen as a strategic move to accelerate Captivea's growth, particularly in international markets

The acquisition of Blue by Legal & General Asset Management (L&G) represents a significant entry into the French sovereign cloud market for the British institutional manager’s digital infrastructure fund, LDIF. This transaction marks the conclusion of a highly successful holding period for Quilvest Capital Partners, who served as the lead sponsor since 2020. During this period, Blue nearly tripled its revenue, reaching 55 million EUR in 2025, supported by three strategic build-ups: Oceanis, ADMI, and Openhost

WeAreProject, the primary IT services platform controlled by EMK Capital, has successfully entered into a definitive agreement to acquire a majority stake in Sistemi Hardware & Software S.p.A. (Sistemi HS) and its subsidiary Stackna S.r.l. This transaction marks the first inorganic expansion of the group following its change in ownership earlier in the year and represents a significant geographic densification in Northern Italy, particularly within the Piedmont region. The strategic rationale for the move centers on the integration of the target’s established professional services network with the group’s high-density managed services platform

The French State submitted acquires 100% of Atos's Advanced Computing activities (carved out from the BDS division). The transaction is part of Atos's broader accelerated safeguard financial restructuring plan, approved by the commercial court on October 2024. A previous non-binding offer from the French State had covered a wider perimeter including Mission Critical Systems and Cybersecurity Products, but the final offer was narrowed to Advanced Computing only. Separately, Atos commits to launching a formal sale process for its remaining BDS assets — Cybersecurity Products and Mission Critical Systems

Vection Technologies has executed a definitive share sale agreement to acquire one hundred percent of Digital Experience Labs in a strategic transaction aimed at bolstering its enterprise automation capabilities. This transaction integrates DXLabs’ no-code service and automation expertise into Vection’s existing XR and AI technology stack. The primary strategic rationale for the deal is to strengthen Vection’s Australian market presence and establish an Asia-Pacific (APAC) launchpad for its broader digital transformation offerings

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 international cybersecurity leader has successfully finalized the acquisition of 100% of the share capital of the target, a specialist in high-assurance software development. This strategic transaction represents a definitive move to incorporate "provably secure" engineering capabilities into the group’s broader service portfolio, targeting the rapidly growing European defense and critical infrastructure markets. The strategic rationale for the move centers on the acquirer’s objective to address the increasing demand for verified software integrity driven by geopolitical instability and increased NATO defense spending