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.
