The term mergers and acquisitions (M&A) is pretty common in the business and entrepreneurial world. It refers to the consolidation of business and business assets through financial transactions and deals between companies. M&A agreements might involve one company purchasing and absorbing another company outright, it could be a merger to create a whole new company, the takeover of some assets or stock, or, it can even involve a hostile takeover.
Acquisitions and exits are often seen as a solution, and sometimes as a last resort, to smaller startups struggling to raise funding and facing valuation cuts. At the same time, more mature players have seen it as a consolidative way to expand their presence, create new revenue streams and access new tech and talent.
Here, we take a look at what happened in March outlining the top 10 deals:
- Louven-based offshore wind farms developer, financier, and operator Parkwind, founded in 2012, was acquired by the Japan-based JERA for €1.55 billion.
- The Grunwald-based operator of a European portfolio of wind and solar farms with an installed capacity Tion Renewables, founded in 2018, was acquired by the Stockholm-based EQT AB for €150 million.
- Athens-based generator of farm precision inputs with deep learning Augmenta, founded in 2016, was acquired by the US-based Raven Industries for €102 million. The startup has been able to raise a total funding amount of €10.4 million.
- Espoo-based deviser and implementer of renewable energy Pohjan Voima, founded in 2021, was acquired by the Swedish Arise for €12 million.
- Istanbul-based provider of a range of gift items and services aimed at preserving memories Sosyopix, founded in 2015, was acquired by the Swedish Kiliaro for €5.1 million.
- Hennigsdorf-based electric two-wheelers manufacturer eROCKIT, founded in 2017, was acquired by the Indian Motovolt Mobility for €1 million. The startup has been able to raise a total funding amount of €5 million.
- Paddock-wood-based network security, artificial intelligence, machine learning, and intelligence augmentation specialiser Cybersift, founded in 2017, was acquired by the Maltese GO plc for €800 k.
- London-based financial services platform that empowers banks, businesses, and brands to shape the future of finance Railsr, founded in 2016, was acquired by the UK-based D Square Capital for an undisclosed amount. The startup has been able to raise a total funding amount of €174 million.
- Dublin-based no-code payment automator for internet companies WhenThen, founded in 2021, was acquired by the Luxembourg-based Mangopay for an undisclosed amount. The startup has been able to raise a total funding amount of €5 million.
- Stockholm-based delivery grocery startup Kavall, founded in 2021, was acquired by the Swedish MatHem for an undisclosed amount. The startup has been able to raise a total funding amount of €20.3 million.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.eu-startups.com/2023/04/top-10-ma-deals-we-tracked-in-march/
- :is
- 1
- 10
- 2012
- 2016
- 2017
- 2018
- 2021
- a
- Able
- access
- acquired
- acquisitions
- Advertisement
- AG
- agreements
- amount
- and
- Another
- ARE
- artificial
- artificial intelligence
- AS
- Assets
- At
- Banks
- BE
- between
- Billion
- brands
- business
- businesses
- by
- CAN
- Capacity
- CO
- COM
- Common
- Companies
- company
- consolidation
- could
- create
- cuts
- Deals
- deep
- deep learning
- delivery
- Developer
- Electric
- empowers
- energy
- entrepreneurial
- EU
- European
- Even
- exits
- Expand
- facing
- farm
- Farms
- finance
- financial
- financial services
- For
- Founded
- funding
- future
- generator
- gift
- Go
- grocery
- happened
- Have
- http
- HTTPS
- in
- Indian
- Intelligence
- Internet
- involve
- IT
- items
- Last
- learning
- Look
- M&A
- machine
- machine learning
- Mangopay
- Manufacturer
- March
- mature
- Memories
- Merger
- Mergers and Acquisitions
- might
- million
- more
- MT
- network
- Network Security
- New
- New Tech
- of
- ONE
- operator
- payment
- platform
- plato
- Plato Data Intelligence
- PlatoData
- players
- portfolio
- Precision
- presence
- pretty
- provider
- purchasing
- Railsr
- raise
- range
- refers
- Renewable
- renewable energy
- Resort
- revenue
- same
- security
- Services
- Shape
- smaller
- solar
- solution
- some
- square
- startup
- Startups
- stock
- streams
- Struggling
- Swedish
- Take
- takeover
- Talent
- tech
- that
- The
- The Future
- their
- Through
- time
- to
- top
- Top 10
- Total
- Transactions
- Valuation
- Way..
- What
- wind
- wind farms
- with
- world
- zephyrnet