STID acquired by CAPITAL CROISSANCE

Balmoral Funds, a private equity firm, has acquired the INSIGHTS business from Sensata Technologies, a leading provider of telematics, Internet of Things (IoT), and data analytics solutions for the transportation, logistics, and fleet management sectors. Following the transaction, the entity has been rebranded as Xirgo Technologies and has regained its independence after several years under Sensata's ownership. This acquisition aligns with Balmoral's strategy of supporting companies with strong market positions and significant value creation potential

Qualcomm has completed the acquisition of Sequans Communications' 4G IoT technology business, which encompasses a range of technological assets, intellectual property, licenses, and associated human resources related to cellular connectivity technologies. The acquired technologies include LTE-M, NB-IoT, and LTE Cat 1bis solutions, widely used in IoT applications that require low-power consumption and extended network coverage. By integrating these technologies, Qualcomm strengthens its portfolio of connectivity solutions for industrial and embedded markets

The acquisition of Snap One by Resideo marks a transformative tactical expansion of the group's smart-living and professional distribution capabilities. This transaction facilitates the integration of Snap One’s high-margin proprietary software and automation hardware into Resideo’s ADI Global Distribution segment. The strategic rationale for the move centers on the fusion of Snap One’s leadership in the professional audio-visual and home control markets with Resideo’s massive physical branch footprint and contractor base

The successful acquisition of Adimec by Teledyne Technologies signals a definitive tactical expansion of the group's high-performance camera capabilities. This transaction facilitates the integration of Adimec’s customized camera technology into Teledyne’s Digital Imaging segment, creating a more diversified portfolio of high-resolution sensing solutions. The strategic rationale for the move centers on the industrial synergy between Adimec’s expertise in truly accurate imaging for precise decision-making and Teledyne’s existing global leadership in X-ray and industrial imaging

Orica has signed a definitive sale and purchase agreement to acquire 100% of Terra Insights from Vance Street Capital LLC. The transaction represents a strategic expansion of Orica’s Digital Solutions portfolio, involving the full integration of Terra’s sensor, software, and data delivery assets into the existing GroundProbe geotechnical monitoring business. The acquisition is a key component of Orica’s digital strategy to achieve growth beyond its core blasting operations. By combining Terra Insights with its existing GroundProbe business, Orica establishes a global leader in geotechnical and structural monitoring

The successful acquisition of PCTEL by Amphenol represents a definitive tactical expansion of the group's wireless technology and antenna capabilities. This transaction facilitates the integration of PCTEL’s specialized Industrial IoT and testing hardware into Amphenol’s broader communications division. The strategic rationale hinges on the fusion of PCTEL’s technical operational depth in wireless signal optimization with Amphenol’s global reach and massive industrialized manufacturing footprint

Iagona reorganized its capital in a secondary LBO led by IRD Invest. The deal allowed historical investors UI Investissement and IDF Capital to exit. Management, led by Pascal Hermandesse, retains a significant stake (approx. 1/3). The funding aims to support organic growth and strategic acquisitions in Europe to reach EUR100M in revenue.

The successful acquisition of Sentron by Millar signals a pivotal tactical expansion of the group's sensor development and manufacturing capabilities. This transaction facilitates the integration of Sentron’s specialized fabrication facilities in the Netherlands into Millar’s broader global operations, transforming the combined entity into a comprehensive "one-stop-shop" for sensor-enabled medical devices. The strategic rationale for the move centers on the fusion of Sentron’s expertise in pH and conductivity sensing with Millar’s established leadership in pressure sensor technology

HID Global completed the acquisition of approximately 98.5% of Evolis through a two-step process. First, HID acquired a majority block of 98.5% of the shares from the founding shareholders (Cedys & Vesta) and certain managers at a price of EUR43.75 per share. Following this block trade, HID launched a mandatory simplified tender offer for the remaining minority shares at the same price. Having surpassed the 90% ownership threshold, HID implemented a squeeze-out and delisted Evolis from Euronext Growth

In a "sponsor-to-sponsor" transaction, LBO France sells its majority stake in Passman to Siparex ETI. Interestingly, this marks a "return" for Siparex, which was already a shareholder of Passman between 2010 and 2019 before selling to LBO France. Andera Partners (Acto), present since 2014, reinvests alongside the founders. This new LBO aims to support the group's international growth and the deployment of its new energy efficiency solution, "Pass Energy".