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HR service provider Planet Group has acquired Reflex Healthcare, an Ukkel-based interim agency specializing in the healthcare sector.

Belgian geospatial software company Merkator has acquired its industry peer Siggis, a division of IT group Cevi.

Belgian food company What’s Cooking? has finalized the acquisition of Sveltic, a French producer of fresh and frozen ready meals. The acquisition strengthens What’s Cooking?'s product range and aligns with its growth strategy.

Belgian retailer Colruyt Group has increased its stake in Smartmat NV, the company behind meal box brand Foodbag, to 100 percent.

Ontex Group NV, a global leader in personal care products, has finalized the sale of its Brazilian business to Softys S.A. Softys, a personal hygiene company operating across Latin America, is a subsidiary of Empresas CMPC S.A., based in Chile.

Some of the biggest M&A deals turned into financial nightmares due to undiscovered cyber risks. Why do cybersecurity blind spots still slip through due diligence, jeopardizing billion-dollar deals? And more importantly, can cyber risk management become a strategic advantage instead of a costly oversight?

The Colruyt Group is exploring strategic options for its retail stores and gas stations in France, including a potential sale. The Belgian retailer confirmed that it is assessing various possibilities but has not yet made a final decision.

Belgian investment firm Fortino Capital has partnered with Dutch SaaS company Nétive VMS from Rijswijk in the Netherlands to support its international expansion.

A European investor has reached an agreement with the curators of the bankrupt Belgian chip manufacturer BelGaN.

Belgian food group Vandemoortele has made a major move in the global bakery market by acquiring French bakery giant Délifrance.

ABO Group Environment has acquired Délo Boringen, a Belgian specialist in environmental drilling and sampling. With this acquisition, ABO Group strengthens its expertise in soil investigation and environmental sampling.

I-care has taken a major step in its strategic growth with the acquisition of SDT International, a Belgian pioneer in ultrasonic predictive maintenance.

Belgian food group Vandemoortele has reached an agreement with Bunge to acquire its European margarine and spreads business. With this move, Vandemoortele aims to strengthen its market position and contribute to the transition towards more sustainable plant-based food.

Cleantech startup ARK Capture Solutions has secured over 2.2 million euros in pre-seed funding to advance its innovative CO2 capture technology.

Belgian construction company Jan De Nul has acquired Aircoplus, a family-owned business specializing in heating, cooling, ventilation, and sanitary systems. The acquisition enhances Jan De Nul’s capabilities in large-scale construction projects.

Belgian transport company Transport Roosens is expanding its container activities in the Antwerp region with the acquisition of Coupétrans. This move strengthens Roosens' position as a leading player in sea container transport.

Here’s a breakdown of the key lessons that can help M&A professionals make better deals and drive long-term value.

Fortino Capital has announced the appointment of Olivier Lippens as Investment Manager in its Belgian Venture Capital (VC) team.

Biotech company Augustine Therapeutics has raised an oversubscribed 78 million euros Series A funding round to advance its groundbreaking treatment for Charcot-Marie-Tooth (CMT) disease.

The European mergers and acquisitions (M&A) market remained strong in 2024 despite ongoing political and economic challenges.

VD Pro Group, a fast-growing player in the technical trade sector, is set to accelerate its expansion with the investment of Vectis Private Equity.

Belgian competition authority considers closing investigation after Dossche Mills abandons Ceres acquisition.

Insights from PwC's Global Family Office Deals Study 2025 for Belgium.

Roularta Media Group (RMG) has reached an agreement with Professional Media Group (PMG) for the acquisition of the trade magazines Artsenkrant, De Apotheker, and AK Hospitals.

French logistics giant CMA CGM, best known for its container shipping operations, has submitted a bid to acquire the struggling cargo division of Belgian airline Air Belgium.

RTL Group anticipates that the Dutch Authority for Consumers and Markets (ACM) will finally approve the acquisition of RTL Nederland by DPG Media in the second quarter of 2025.

The European Commission is delaying the acquisition of Belgian dairy processor The Food Dairy Group by its Dutch competitor, Royal A-ware, due to concerns about market competition.

Commercial due diligence is developing from 'nice to have' to 'must have'.

Gimv has announced the appointment of Bart Troubleyn as the Head of Gimv Anchor, a newly established investment initiative in collaboration with WorxInvest. In his new role, Troubleyn will also join Gimv's Executive Committee.

Cenosco receives growth investment from Summit Partners for further international expansion.

EOLIS, a fast-growing digital consulting and staffing firm, has merged with 4P square, a Belgian consulting company specializing in marketing and sales for over two decades.

Locquet Power & Light is expanding through acquisitions in neighboring countries.

AstraZeneca has announced its acquisition of EsoBiotec, a Belgian biotechnology company specializing in in vivo cell therapies, in a deal worth up to 1 billion dollars. The move aims to accelerate AstraZeneca’s ambitions in the cell therapy space and expand access to innovative cancer treatments.

Niek Kolkman and Bart Veenman, M&A and AI-experts at KPMG Netherlands, delve into the various ways in which AI is currently reshaping deal processes. The gains in efficiency and insights are remarkable, but the continuing involvement of human judgment remains a crucial factor.

Belgian employment agency Nestor, specializing in job placements for individuals aged 60 and older, has welcomed Down2Earth Capital (D2E) as a strategic partner.

The De Nolf family, which already owns 72 percent of Roularta, has made an offer of 15.50 euros per share to take the Belgian media group private, ending its 27-year presence on the stock market. The offer is 25 percent higher than the company’s last closing price.

Five Million Invested in Triginta, Which Is Growing Slower Than Expected

The global M&A market rebounded strongly in 2024, marking a 19 percent increase in deal values and a 14 percent rise in volumes compared to the previous year. Private equity activity gained momentum, corporate-led transactions remained steady, and competitive deal financing reshaped the landscape.

The European debt market saw a resurgence in 2024, with institutional loan issuance reaching a record-breaking 207 billion euros, surpassing the previous peak of 158 billion euros in 2017.

The UK, Sweden, Finland, and Denmark provide a winning formula that Belgium should adopt.

Plastiflex strengthens market position with acquisitions of Smooth-Bor and TIK.

In a dynamic market: Risk management in M&A through selective targeting and in-depth due diligence.

Pgb-Group, the market leader in fastening materials in Belgium and a rapidly expanding player in Poland, the Netherlands, and France, has entered into a strategic partnership with Waterland Private Equity.

United Tiles Belgium becomes market leader in professional tile sector after Intercarro acquisition

Two private equity firms face court over the deal.

Antwerp-based tech company Aloxy has secured a new capital injection of 7.4 million euros, with significant contributions from two major American corporations: chemical giant Dow and engineering company Emerson.

PIA Group, Belgium’s fastest-growing accountancy and advisory firm, is expanding into the Dender region with the acquisition of B&A Advies.

The most interesting deals are found in conversations with partners and colleagues in the sector.

Elia Group has announced a successful private placement of 850 million euros as part of a broader 2.2 billion euros equity package to finance infrastructure investments, ensure grid reliability, and support the competitiveness of renewable energy.

A Belgian court has annulled the takeover of Air Belgium by a British-Dutch consortium. The founder of the airline now has three weeks to find a new financier.

Antwerp-based maritime group CMB.Tech has acquired a 40.8 percent stake in Bermuda-registered dry bulk shipping company Golden Ocean.

Antwerp-based startup Conveo has secured 5.3 million dollars in seed funding to revolutionize market research with its AI-driven video interview platform.

CubeCold Europe has strengthened its presence in the European cold storage market by acquiring Belgian cold storage and co-packaging specialist Sivafrost.

The M&A landscape for the upcoming year is set to face significant challenges, as highlighted by insights from the M&A Trend Survey Benelux 2024/2025 from M&A and Ansarada.

The deadline for bids on glass manufacturer AGP has been extended once more.

The takeover of Air Belgium by Dutch company Peso Aviation Management and British firm Air One Holding is now in jeopardy, casting doubt on the airline’s future.

Belgian logistics specialist Sitra Group has expanded its international presence with the acquisition of Dutch transport company Albert Keijzer Zaandam for an undisclosed amount.

On March 4, 2025, Alyrick, a joint entity controlled by Midelco and Alychlo, finalized a binding purchase agreement to acquire an 18.24 percent stake in Smartphoto Group NV.

At the M&A Trend Forum on February 27, a panel of top experts discussed the opportunities for Belgian M&A and private equity in 2025 and beyond.

Multipharma has officially completed its acquisition of Goed pharmacies, following approval from the Belgian Competition Authority.

ING has acquired a significant stake in the Dutch private bank and asset manager Van Lanschot Kempen, which is also a top-ten player in Belgium’s private banking market.

TINC, the Brussels-listed infrastructure investor, has completed a strategic transaction involving its stake in Datacenter United (DCU).

WVT Group, a Belgian industrial cleaning specialist, has made its largest acquisition ever by taking over Genk-based Roam Technologies.

Atenor has secured commitments from multiple key shareholders to subscribe to a capital increase of 45.3 million euros, reinforcing the company’s financial position amid a challenging real estate market.

Turpaz expands in Europe with acquisition of Belgian sweet flavors company Doucy.

Optimal integration practices after acquisitions are still more of an exception than the rule.

The annual turnover of Xwift is increased by the acquisition to 125 million euros.

Jurimesh secures 1.6 million euros in pre-seed funding to revolutionize AI-driven legal due diligence

The Belgian machinery manufacturer Sticomax has acquired the Dutch company FoodeQ Engineering, based in North Brabant.

Delen Private Bank has acquired Utrecht-based asset manager Petram & Co from its founder Max Petram, who established the company in 2001.

Deli Home, a leading producer and distributor of sustainable wooden building materials, has strengthened its position in the Benelux.

After several years of macroeconomic uncertainty, rising interest rates, and geopolitical volatility, 2024 set the stage for recovery in Europe’s M&A market. With financial pressures easing and dealmakers returning to the table, 2025 is poised to be a defining year.

M&A Award winner PanTera raised 134 million euros to lead the next generation of cancer therapies.

Belgian energy supplier Mega, the largest independent player in the country’s market, has been acquired by Swiss MET Group, a growing energy trader and supplier with a turnover of 24.5 billion euros.

Leuven-based TaxMachine has acquired Zwijnaarde’s iStart B.V. and will now operate under the commercial name BeanCounter.

In today’s digital age, technology and cybersecurity can make or break a transaction. But how do investors truly assess these risks and turn them into value?

For dealmakers aiming to drive acquisition success, a number of priorities stand out as essential.

Gimv acquires The Spice Factory to fuel European expansion

Investment firms Gimv and WorxInvest are joining forces under Gimv's new Anchor investing approach, aimed at fostering long-term strategic partnerships with high-growth companies.

Infrastructure investor TINC, listed on Euronext Brussels, has announced a 61 million euros investment in Project Mufasa, one of the largest battery energy storage systems (BESS) in the EU.

Insights from PwC Belgium's private equity leaders.

Vandemoortele, a leading European food group, has acquired Italian frozen bakery specialist Lizzi srl from Forno d’Asolo SpA.

Eurofiber expands further in Belgium through acquisition of Arcadiz.

Both Baas and Oona have sold their shares to the newly formed company 'Oona/Baas Group'.

Belgium-based adhesive group Gluecom has strengthened its position in the UK with the acquisition of two companies.

Renewi, the British waste management and recycling company with a strong presence in the Benelux, has agreed to be acquired by a consortium led by Australian investment firm Macquarie and Canadian fund BCI.

PIA Group expands presence in French-speaking market with MLA Accountancy.

Belgian food giant Puratos has expanded into the education sector with the acquisition of the prestigious Parisian culinary school, École Bellouet Conseil.

On February 13, 2025, Nextensa officially sold the Knauf Shopping Centers in Pommerloch and Schmiede to the real estate investment group Wereldhave for a total of 165.75 million euros.

Amsterdam has officially halted its attempt to sell waste processing company AEB.

Delen Private Bank has strengthened its presence in the Netherlands with the acquisition of Utrecht-based wealth manager Petram & Co.

Belgian safety solutions manufacturer Boplan has announced the acquisition of Celtiplast, a French producer of high-quality plastic extrusion profiles.

Digital infrastructure provider Eurofiber has announced the acquisition of Arcadiz, a Belgian specialist in business-critical connectivity solutions.

Not cultural clashes, but an overestimation of synergies is the greatest challenge in value creation.

Gimv raised a total of 247 million euros through a public offering and a private placement of Scrips.

AI platform for automating legal due diligence gets support for international ambitions.