Belgian family-owned industrial group Lhoist and U.S. building materials giant Martin Marietta Materials (NYSE: MLM) announced a definitive agreement on June 29, 2026, to combine Lhoist North America with Martin Marietta.

Belgian investor Smile Invest has acquired a majority stake in BAP Medical, a specialist in medical skin care based in Apeldoorn, the Netherlands.

Rivean Capital has acquired a majority stake in Deltrian International SA, a leading European provider of air filtration and purification solutions.

Gimv has signed an agreement to acquire Groupe Cap Vert from Ambienta, partnering with CEO Eric Girot and the management team.

Vansichen Linear Technology has announced the acquisition of VDP Automation bv and its French subsidiary, VDP Automation Sarl.

Modena Partners today announced the launch of its new M&A , Antwerp-based advisory boutique, specializing in strategic and merger & acquisition advice for mid-sized and large private companies and their entrepreneurs.

European private equity firm Apheon has announced a binding partnership with Easi, a leading Belgian provider of proprietary business software and managed IT services.

The Hague-based investment firm Main Capital Partners has raised over 5.25 billion euros in commitments for its latest funds, Main Foundation III and Main Capital IX, marking the largest capital-raising effort ever for private equity investments in the Benelux region.

Timefold, a developer platform for vehicle routing and shift scheduling APIs, has closed a 13 million euros Series A round led by Alstin Capital, with Kompas VC and existing backers Lakestar and Smartfin.

The subsidiaries of logistics multinational Ziegler are being acquired by the company’s management and British investor Eaglets Holding.

The Belgian government will officially begin its search for an investor to acquire a 20 percent stake in state-owned bank Belfius, formerly Dexia Belgium, starting this Monday.

Prayon, a global leader in phosphorus chemistry, has signed a binding agreement to acquire HRA (HRA Uniquímica and HRA Ingredients), a Colombian producer of phosphates, propionates, minerals, and other food sector ingredients.

Van De Velde Packaging Group from Wetteren has announced a renewed investment from Kartesia, a European investor focused on sustainable growth.

Ghent-based startup Adomate has raised 1.4 million millions in a new funding round to accelerate its international expansion and enhance its AI-driven advertising platform.

Agri-tech start-up Rainbow Crops has raised 9.7 million euros in a new funding round led by Italian venture capital firm LIFTT.

SD Worx, a leading European provider of HR and payroll solutions, today announced the acquisition of HR Service Srl, a specialist in payroll and labor advisory services.

Kemetyl, the Belgian market leader in Europe for automotive fluids such as fuel additives and coolants, has acquired Flow Chemicals, a UK-based sector peer.

PB Leiner, a business unit of Tessenderlo Group specializing in bio-valorization, has completed the acquisition of the remaining 40 percent minority stake in PB Brasil Indústria e Comércio de Gelatinas Ltda from D&D Participações Societárias.

Belfius Group has taken its first concrete step beyond Belgium by acquiring Leocare SAS, a leading French digital insurtech, through its subsidiary Belfius Insurance.

Immobel has sold its flagship office building, The Muse, located at Aarlenstraat 75 in Brussels’ European District, for 100 million euros.

So far, only CVC Capital Partners – a European investor listed in Amsterdam – had been publicly linked to the deal.

The Brussels-Capital Region will invest 180 million in Vivaqua, the city’s intermunicipal water company, acquiring a 49 percent stake and gaining a seat at the decision-making table.

In a bold strategic move, Craftzing has announced the acquisition of innovation studio Made and enterprise architecture specialist INNOCOM, propelling the company’s workforce to 300 – an immediate 50 percent growth.

Hasselt’s emerging AI company Lowi has raised 2.7 million euros in fresh capital to accelerate the rollout of its AI platform across the Benelux, with plans to expand further into Europe.

DC Advisory’s latest European Debt Market Monitor highlights a challenging start to 2026 for the European Broadly Syndicated Loan (BSL) market.

KeBeK Private Equity has acquired a majority stake in House of Hospitality, Belgium’s leading full-service provider of crew and logistics solutions for the catering and events industry.

The merger underscores both companies’ shared commitment to innovation, long-term value creation, and sustainable growth in industrial automation.

The Belgian government has announced plans to sell a 20 percent stake in Belfius, the country’s retail banking group, through a private placement valued at approximately 2 billion euros.

Pitchdrive has announced the closing of its fourth fund at 60 million euros, reaffirming its commitment to the Co-founder Capital model.

Magna Tyres Group has announced a strategic partnership with Belgian tire specialist and mobility service provider Forrez, marking a significant step in accelerating its European growth.

Belgian investment company Sofina has acquired a minority stake in Creature Comforts, a fast-growing UK-based pet care provider that blends online services with physical veterinary clinics.

Monni NV (Euronext Brussels: MONNI), a leading provider of electronic payment solutions and software development, has announced a strategic investment in Dream Solution BV, the fast-growing Belgian scale-up behind Posbel, a government-certified, cloud-based cash register platform.

Companion.energy, a software platform enabling large industrial and commercial enterprises to manage energy in real time, has raised 7.8 million euros in a seed funding round.

Hope for a recovery in the private equity sector was once again dashed in the first half of 2026.

For M&A's involving Chinese operations, understanding PN7's implications and risk solutions is key.

Cascador Health and moveUP have officially merged to create Cascador/moveUP, a new force in digital health.

Moore Law, the law firm affiliated with the consulting firm of the same name, continues its expansion with the acquisition of Antwerp-based peer Four & Five.

APK Group has acquired AGBb BV, a road construction and infrastructure specialist previously part of B&R Bouwgroep.

Van Moer Logistics has taken a strategic step in its ambition to provide fully integrated logistics solutions by acquiring the air freight division of Ziegler Belgium.

As of today, Taylor Wessing Netherlands & Belgium will operate under the name Winston Taylor, joining a new transatlantic law and notary firm focused on innovation, growth, and international markets.

Recticel Group has acquired 100 percent of Isopanel NV, a Belgian specialist in installing insulated panels for hygienic cold storage and isothermal solutions, through its Reclar joint venture (76 percent owned by Recticel).

Fremman Capital has signed an agreement to acquire Incendin, a Belgian-based European leader in sustainable fire-protection solutions, from Straco.

Hemink Group, based in Holten (Overijssel), has acquired Instain Installatietechniek from Terwolde (Gelderland), a specialized installation company serving housing corporations. Hemink is a leader in real estate maintenance.

WSA Retail has taken a significant step to expand its footprint in the Benelux region by acquiring IntoEars & Oogvoororen, a leading provider of high-quality hearing care with locations in the Netherlands and Belgium.

Gimv’s portfolio companies delivered robust results in the first quarter of 2026, with both revenue and profitability rising compared to the same period last year.

Proximus has finalized an agreement with Eurofiber to acquire its 50.01 percent stake in Unifiber, a joint venture specializing in fiber-to-the-home (FTTH) rollout in Wallonia.

Main Capital Partners (‘Main’), a leading private equity investor, and Ferranti, a trusted provider of mission-critical software for the energy and utility sectors, today announced that Main has acquired a majority stake in Ferranti.

Nodalview, a leading proptech scale-up, has acquired Cocoon-Immo, a French specialist in centralized social media and Google Business Profile visibility management for real estate agencies.

Borro, a Belgian pioneer in digital deposit systems for reusable cups, is set to expand into the Netherlands, Germany, and France this summer, backed by a 1.3 million euros investment.

Private equity firm Oakley Capital has announced the acquisition of a majority stake in XTEL, a Belgian enterprise software platform specializing in revenue management and trade promotion solutions for consumer packaged goods (CPG) companies.

Belgian machine-building group Sticomax has acquired ICS Spiral Freezers, a Dutch specialist in spiral freezers, coolers, and proofing towers.

Dropsolid AI, a spin-off from Ghent-based Dropsolid, has secured 2.5 million euros in funding to accelerate its European expansion and offer a transparent alternative to closed AI systems.

Belgian construction and infrastructure group Aertssen Group has acquired Ghent Dredging, a specialist in dredging, water construction, and environmental remediation based in Eke, near Ghent.

The Benelux technology merger and acquisition market entered 2026 caught between momentum and caution, as geopolitical turbulence and capital market uncertainty tempered dealmaking.

Belgian deep-tech company D-CRBN has closed a 17.5 million euros Series A round to scale its electrified plasma technology, which recycles CO₂ and hydrocarbons into circular carbon molecules for sustainable fuels, chemicals, and materials.

De Jong Shipping Group from Maassluis has, with retroactive effect from January 1, 2026, acquired a minority stake in TransMatch.

The technology sector accounted for more than half of the total decline.

Cegeka has acquired Lean Projects, a Swiss software company specializing in Microsoft Dynamics 365-based ERP solutions for the print and packaging industry.

Harmoney secures 10 million euros growth investment from Smile Sail to accelerate international expansion in counterparty risk management.

Brussels-based Ditar, the developer of the Optisuite consultation platform for opticians, has raised 1.4 million euros in seed funding led by ScaleFund, with participation from SeederFund, imec.istart, and Invest BW.

Belgian investment firm Sofina has led a 100 million dollars Series C funding round in Primer, a London-based fintech company, with participation from Peak XV Partners and existing investors.

Jos Vanneste, one of Belgium’s leading flax companies, has announced the addition of Vybros Capital Partners (VCP) and textile entrepreneur Joe Lano as new shareholders.

Fans of RWDM are growing increasingly anxious as the club’s takeover process hits a critical snag, pushing the Brussels-based team to the brink of collapse.

Private equity deal activity in the software sector across the US and Europe has sharply declined to its lowest level since 2020.

The Argos Index® by European investor Argus Fund showed a slight rebound in Q1 2026, rising 3.6 percent to 8.6x EBITDA after a prolonged decline that had brought it to its lowest level in over a decade.

QbD Group, a leading international life sciences consultancy, has announced the acquisition of Rescop, a specialist in GxP compliance, computer system validation (CSV), and validation software for the life sciences industry.

The AI revolution is forcing senior leaders in M&A to make critical decisions under greater time pressure.

A&O Shearman Belgium has been named Belgium Law Firm of the Year at the Chambers Europe Awards for the fifth consecutive year, a testament to its sustained excellence and leadership in the legal market.

Terhills Resort, a high-end holiday park built on a former coal and gravel mining site, has been sold by LRM to TwentyTwo Real Estate, a European investment firm.

B-COS, a Ghent University spin-off, has raised 1 million euros in pre-seed funding from Agri Investment Fund (AIF), VP Capital, and Biotope by VIB to advance its precision fermentation-based crop protection solutions.

The Dutch OneXillium and Belgian XsolveIT have officially merged, forming a single entity under the OneXillium brand.

Ventory, a platform bridging the gap between ERP systems and field operations, has secured 2.65 million euros in seed funding led by KBC Securities, with support from existing investors.

Holmes, a new platform for autonomous software testing, has secured 1.1 million euros in pre-seed funding.

Cobepa has announced a new partnership with Prosol, France’s leading ultra-fresh food specialist, alongside Apollo Funds, the company’s founder, and its management team.

Initium, the holding company of entrepreneur Maarten Bynens, has sold its stake in LVC Solutions, a Genk-based specialist in compressed air and generator solutions, to Atlas Copco.

Ghent-based AI startup Tekst has raised 11.5 million euros in a Series A funding round led by US venture capital firm Elephant, with additional backing from its incubator, Entourage.

Materialise NV (Euronext & NASDAQ: MTLS), a pioneer in 3D-printed medical devices and additive manufacturing software, has announced a strategic move to transfer its eyewear business to its management team.

Groep Cretskens has announced the acquisition of Pludis, a leading family-owned Belgian company specializing in poultry processing and distribution.

Belgian software company Protime has acquired Checks, a Dutch cloud software specialist focused on complex workforce scheduling, marking a significant step in its ambition to become a leading European workforce management provider.

Maurice & Nora, an Antwerp-based social-impact startup connecting families and seniors with students for flexible non-medical home support, has secured 1 million euros in fresh capital.

Webclew, a Belgian startup founded by Thomas Ghys, has raised 1.6 million euros in a pre-seed funding round led by imec.istart Future Fund and Syndicate One, with participation from angels including Roeland Delrue (Aikido Security), Klaas Bals (Maurice & Nora), and Koen Dewaele (ex-Deloitte).

UCB, a global biopharmaceutical leader based in Brussels, announced on May 3, 2026, its agreement to acquire Candid Therapeutics, a clinical-stage biotech company specializing in novel T-cell engagers (TCEs) for autoimmune and inflammatory diseases.

Automotive group Groep Rutten, a leading Volvo distributor in Limburg, has announced the acquisition of Volvo Jacobs (owned by Jan Pulinx), marking its expansion into the Belgian cities of Genk and Dilsen-Stokkem.

DKV Mobility, a leading European B2B platform for payment and mobility solutions, has completed the acquisition of Optimile NV, a Belgian e-mobility software provider.

Antwerp-based growth partner Equals Three has acquired KAN, a well-established branding and technology firm, doubling its team to 35 employees and marking its first expansion into the US.

Rocsys, a leader in autonomous EV depot solutions, has launched the Rocsys M1, the first hands-free, multi-bay charging system designed for robotaxi fleets.

Selling a family business is a complex process. Particularly in light of constantly changing legislation (with the much-discussed capital gains tax looming large), a watertight business plan and a well-founded legal structure are essential to maximise the value of the ‘bride’.

After decades of shaping Belgium’s corporate finance landscape, Philippe Craninx has announced his departure from Moore Belgium, passing the leadership of its Corporate Finance division to Wannes Gheysen.

Belgian production house Roses Are Blue is accelerating its international expansion by consolidating its European activities under one brand.

Gimv Anchor Investments, a joint venture between Gimv and WorxInvest, has acquired a 5 percent stake in Azelis, a BEL 20-listed specialty chemical and food ingredients distributor.

The Belgian government is moving to acquire seven nuclear reactors currently owned by energy company Engie, with an agreement expected to be finalized by October 1st.

Ageas has completed the acquisition of the 25 percent stake in AG Insurance previously held by BNP Paribas Fortis. The insurer now owns 100 percent of its Belgian subsidiary and market leader, AG Insurance, as announced on Tuesday.

Tank transport specialist VERVAEKE, active in the chemical, petroleum, and gas industries, today announces the acquisition of French transport company Transports Bertout, based in Nesle.

Insights from the Vlerick M&A Monitor 2026

Elia Group SA/NV (‘Elia Group’) advances funding strategy with a new hybrid transaction.

Shiftbase, a leading European provider of workforce management software for businesses with variable schedules, has announced a strategic partnership with Fortino Capital.

Sequana Medical’s strategic review could attract interest from potential acquirers or investors, particularly those focused on innovative medical technologies.

Coultreon Biopharma, a rising star in immunology research, announced today the successful closure of a 125 million dollars Series A funding round, significantly exceeding its initial target.

Easyfairs, a leading global events organizer, has announced the acquisition of Paris-based Food Hotel Tech and Tech For Retail, two premier events focused on innovation in the hospitality and retail industries.

Antwerp-based audiovisual production company Zidis has welcomed Belgian investment fund Akiles as a new shareholder, with Akiles acquiring a 50 percent stake to fuel Zidis’s expansion across Belgium and the Benelux region.