Dealflash

Belgian IT services provider On IT has acquired XDnet, a well-established IT partner based in Diest.

Belgian bookseller Standaard Boekhandel has acquired Standaard Uitgeverij, the country’s leading comics publisher, reuniting two companies whose histories have been intertwined for more than a century.

Belgian bicycle leasing specialist Cyclis Bike Lease is expanding its operations with the acquisition of the entire bike leasing portfolio of VDW Lease, based in Aartselaar.

European cybersecurity scale-up Aikido has raised 60 million dollars in a Series B funding round, reaching a valuation of 1 billion dollars and securing its place among the continent’s fastest-growing tech unicorns.

The Dutch MSP platform Your.Cloud has completed its first acquisition in Belgium, taking over IPSys Solutions, a Belgian provider of telecom and IT services.

Ghent-based Corilus, the Belgian market leader in software for primary healthcare providers, has acquired its French counterpart Sofia Développement.

Brussels AI company Superlinear has raised 6 million euros in a Series A funding round to accelerate the development of its AI Operating System, Holon.

German mobility group Flix, the parent company of FlixBus, has agreed to acquire a majority stake in Luxembourg-based airport shuttle operator Flibco.

Belgian-Dutch media group DPG Media has acquired Mood for Magazines from Talpa Network. Mood for Magazines publishes the lifestyle titles LINDA. and LINDA.meiden.

Belgian food logistics specialist Sitra Group has acquired German peer Marlep Tanklogistik, marking another step in its ambition to become Europe’s leading food transporter.

Apheon has reached the 1.25 billion euros hard cap for its sixth flagship fund, Apheon MidCap Buyout VI (AMB VI), following strong investor demand.

Belgian ICT group VanRoey has acquired Sonical, strengthening its position as an established managed ICT services provider.

Belgian software studio Panenco has acquired Inect, an AI specialist based in Haasrode. The transaction strengthens Panenco’s positioning as an AI-driven software partner for scale-ups and corporates, while expanding its team to around 40 specialists.

Belgian communications agency Capone has acquired sector peer Revista, marking a new growth step for the Kortrijk-based firm.

Strukton Rail N.V. has acquired E. de Vuyst N.V., a Zottegem-based rail works specialist, further strengthening its position in the Belgian rail infrastructure market.

Telenet Group NV has completed the sale of its entire shareholding in Caviar Group, marking a further sharpening of its strategic focus on the Flemish media ecosystem and digital innovation.

KBC Securities and Van Lanschot Kempen Investment Banking have announced plans to merge their equities activities into a 50/50 joint venture, creating what they describe as a leading Benelux equities broker with pan-European specialisation in real estate and life sciences.

Anheuser-Busch InBev has announced that it has exercised its contractual right to reacquire the 49.9 percent minority stake in its US-based metal container plant operations from a consortium of institutional investors led and/or advised by affiliates of Apollo Global Management.

team.blue has acquired Macaly, an AI-powered “vibe coding” platform that enables users to create full web applications by describing what they want in natural language.

European cyber security group Integrity360 has expanded its presence in continental Europe through the acquisition of Cresco, a fast-growing cyber security services firm headquartered in Brussels.

Pharmaceutical compounding group Fagron has completed two strategic acquisitions and announced the receipt of a new licence in North America.

Belgian family-owned company Warsco has acquired German container specialist Bloedorn, marking a strategic expansion into the German market.

Fortino Capital has completed the final closing of its third private equity fund, Fortino PE III, at 700 million euros, exceeding its initial 600 million euros target.

Belgian insurance broker Callant has acquired 3 additional brokerage firms – Natel (Denderleeuw), Toulouse & d’Udekem (Ieper) and Findin (Landen and Tienen) – further accelerating its buy-and-build strategy backed by private equity investor Creafund.

European private equity firm Apheon has agreed to acquire a majority stake in Rubio Monocoat, a Belgian producer of sustainable wood protection solutions, marking the exit of investment firm Bencis from the business.

Belgian digital identity platform Itsme has acquired iDIN, a Dutch digital identification and login service, in a cross-border transaction between two bank-backed fintech initiatives.

Investment cooperative Horticoop has acquired a stake in Belgian company Anorel, a producer of water-soluble fertilisers for horticulture and agriculture.

FrieslandCampina has received final approval to proceed with its long-anticipated merger with Belgian dairy cooperative Milcobel, effectively resulting in the acquisition of Milcobel by the Dutch group.

Nyrstar has announced a proposed sale of its U.S. operations to South Korea’s Korea Zinc, a deal that would transfer ownership of the East Tennessee and Mid Tennessee mining complexes and the Clarksville zinc smelter.

Belgian healthtech startup Mindoo has raised 5 million euros in seed funding to scale its platform of AI agents designed to support healthcare teams with patient intake, documentation and follow-up.

EyeCare Group has strengthened its presence in Belgium through the acquisition of three OPTIL optical stores in Brussels, marking its first entry into the capital. With this transaction, the fast-growing optical and hearing care group increases its Belgian network to 19 locations.

Belgian tech scale-up Trendtracker has secured 7 million dollars in Series A funding to accelerate the global rollout of its AI-powered strategic intelligence platform.

Qargo, the AI-powered transport management platform transforming Europe’s logistics sector, has raised 33 million euros in Series B funding as rapid adoption propels the company into new markets.

Qatar Sports Investments (QSI), the owner of Paris Saint-Germain, has acquired Belgian second-division side AS Eupen, marking the end of a 13-year tenure under the Aspire Zone Foundation.

Antwerp-based maritime tech start-up Dockflow has secured 1.4 million euros in funding to evolve its logistics data platform from real-time container tracking into full predictive AI.

Craftzing expands capabilities with acquisition of AI studio Sagacify and service design pioneer Namahn.

KBC Group is investing 100 million euros in the Belgian start-up ecosystem through Start it @KBC, its long-running accelerator program.

Belgian insurance group Ageas has agreed to acquire the remaining 25 percent stake in its Belgian subsidiary AG Insurance from BNP Paribas Fortis for 1.9 billion euros, becoming the company’s sole shareholder.

The Belgian government intends to sell 20 percent of Belfius Bank’s shares. As a result, Belfius will soon shift from being fully publicly owned to having a partially privatized status.

Maxeda DIY – owner of the Brico and Praxis chains – is preparing to divest 10 company-operated stores across the Benelux region as part of a broader balance-sheet strengthening effort.

Belgian renewable-energy company EnergyVision has acquired Turbulent, the Ghent-based developer of micro-hydropower technology.

Swedish SaaS provider Aceve is accelerating its buy-and-build strategy in the Benelux construction and installation software market with the acquisitions of Syntess Group in the Netherlands and KPD in Belgium. The deals mark Aceve’s second Dutch transaction—following its purchase of Brink Software last summer—and its first step into the Belgian market. Aceve was advised by White & Case and Axeco.

Leen Bakker Belgium was declared bankrupt on Wednesday, 3 December, by the court in Antwerp. As a result, the 29 Belgian stores that did not find a new owner will close permanently. The bankruptcy will lead to 250 job losses.

European HR and payroll provider SD Worx has strengthened its presence in Italy by acquiring a majority stake in Labour Consulting S.r.l., a payroll and labour advisory firm based in Reggio Emilia and Parma.

Belgian RegTech provider RiskConcile has strengthened its European platform with the acquisition of B4Finance, a Paris-based specialist in digital investor onboarding and fund-subscription software.

Brussels-based startup AILOS Robotics has raised 3.5 million euros in seed funding to bring its new class of robotic actuation technology to industrial scale.

Beaulieu International Group (B.I.G.) has sold its upholstery division, Tessutica, to GH Private Equity, the company announced on December 1. The transaction was completed on November 27, 2025.

Belgian fintech company POM is expanding its presence in Europe with the acquisition of Danish scale-up FarPay, marking a strategic move into the Scandinavian market.

Belgian infrastructure investor TINC, listed on Euronext Brussels, has announced a 100 million euros joint investment in parking operator Interparking, together with Infravest, the strategic infrastructure partnership between Gimv, WorxInvest and Belfius.

European private equity investor Gimv has entered into a definitive agreement to acquire a minority stake in Equine Care Group (ECG), joining existing shareholder CNP, which remains the company’s lead strategic partner.

Innocens, a Belgian biotech spin-off from the University of Antwerp, has secured 1.5 million euros in funding to accelerate the commercial rollout of its AI-driven monitoring system for neonatal intensive care.

Only 15 of Leen Bakker’s 44 Belgian stores have found buyers, leaving the remaining locations likely heading for bankruptcy and signaling the end of the furniture chain’s presence in Belgium.

Belgian data intelligence group Datasharp has acquired Woosmap, a leading French location-intelligence platform.

Belgian IT services provider Amista has acquired the Dutch activities of Hoofddorp-based technology company Aarini.

Fagron strengthens EMEA leadership with acquisitions in Poland and Hungary and advances North American strategy.

EQT Future has agreed to acquire a majority stake in DESOTEC, the Roeselare-based leader in circular mobile filtration solutions. The deal will see EQT take control from Blackstone-managed funds, which will retain a minority share. German family offices Athos and Merckle will co-invest alongside EQT.

Belgian investment firm Smile Invest has acquired a majority stake in RB+ Fire Solutions, partnering with founder Robert Bijlsma and the company’s management team to back the next growth phase.

Dutch software provider Anchr has acquired Praclox, an IT company that develops software solutions for bailiffs and debt collection agencies in Gorinchem. With the deal, Anchr strengthens its position in the niche market for legal-administrative software.

AB InBev is preparing a major move outside its core beer business, with plans to acquire American punch producer BeatBox for roughly 700 million dollars.

Wereldhave Belgium has reached an agreement to acquire the Ville2 shopping center in Charleroi, marking a significant step in the continued rollout of its LifeCentral strategy.

Deerlijk-based Xinnix, a well-known manufacturer of frameless interior doors, has acquired Dutch distribution company Schreuder & Co.

Belgian medtech company Nyxoah has secured financing commitments of up to 77 million US dollars to accelerate the U.S. commercialization of its Genio neurostimulation system for obstructive sleep apnea (OSA).

Belgian investor Marc Coucke’s Alychlo will acquire a 50 percent stake in a newly formed indoor-snow group created through the merger of Dutch SnowWorld and UK-based Snowcentres. The other half will be held by Snowcentres’ existing shareholders.

At the request of the Minister of Economy, the Belgian Competition Authority (BCA) has launched an investigation into Live Nation’s acquisition of the Pukkelpop music festival.

Belgian-founded online learning platform DataCamp has acquired Dubai-based AI start-up Optima for around 15 million dollars in cash and shares. The deal brings about ten AI specialists on board and marks DataCamp’s first major acquisition since its founding in 2013.

Antwerp-based luxury resale company Labellov has acquired fellow Belgian platform Designer Wish Bags, marking further consolidation in the secondhand luxury fashion market.

Studibo from Ghent has acquired DuurzaamheidsCertificering, a Dutch advisory firm specialised in BREEAM In-Use certification.

Beaulieu International Group (B.I.G.) has announced that its subsidiary, New Congol LLC, will acquire the assets of Congoleum Acquisition LLC, which operates under the name Congoleum Flooring.

Belgian investment company Gimv has taken a minority stake in Quality Guard, a fast-growing Belgian software provider specialising in digital food safety and compliance management.

Belgian IT services company Cheops has acquired the Talent Solutions division of Systemat, further strengthening its position as a leading Managed Service Provider (MSP) in Belgium and expanding its presence into Brussels and Wallonia.

Norwegian software group Visma continues to strengthen its position in the Belgian accounting software market with the acquisition of TwinnTax, a Walloon specialist in workflow automation for accounting firms.

Bencis Capital Partners has successfully raised 625 million euros for its seventh investment fund, Bencis VII, reaching its hard cap at the first and final closing.

Belgian investment holding Groupe Bruxelles Lambert (GBL) has initiated the sale of a substantial portion of the assets held by GBL Capital, its indirect private assets platform, marking a major step in the simplification of its portfolio and realization of significant liquidity.

U.S. agribusiness giant J.R. Simplot Company has finalized its acquisition of Clarebout Potatoes, Belgium’s leading producer of frozen potato products. The deal, previously announced, marks a major expansion of Simplot’s global potato processing operations.

The family-owned Windel Group has acquired Belgian premium chocolate producer The Chocolate Family (TCF) from the Huurman family.

Danish home furnishings chain Jysk is significantly expanding its presence in Belgium with the addition of 16 new stores. The company will take over nine outlets from Leen Bakker and open seven more in former Shopping Cora locations.

Belgian investment company Quest for Growth (Euronext Brussels: QFG), managed by Capricorn Partners, has announced a strategic reorientation aimed at returning to its core mission: investing in unquoted growth companies and successful small-cap stocks.

Belgian paint producer Boss Paints has acquired Pinson Paint, a Dutch paint company operating under the Vink Verf trade name.

Belgian bank-insurer Argenta is reportedly considering a takeover of Dutch lender NIBC Bank, according to Belgian financial newspaper L’Echo.

Prime Care Clinics, a portfolio company of Vendis Capital, has acquired LOOY Clinics, further strengthening its position in the fast-growing cosmetic treatments market and expanding its network with a leading clinic in the eastern Netherlands.

The fitness chain Basic Fit is taking over the German industry peer Clever Fit, founded in 2007.

The European Commission has granted approval for the merger between Dutch dairy cooperative FrieslandCampina and Belgian dairy group Milcobel, concluding that the deal does not raise competition concerns in the markets where the two companies operate. FrieslandCampina announced the decision on Wednesday.

Belgian private equity firm KeBeK Private Equity has acquired a majority stake in JANZEN, the fast-growing Dutch home and body lifestyle brand. The transaction marks the second investment of KeBeK’s latest fund, KeBeK IV, which is currently in fundraising with a target size of 75 million euros.

Sweco acquires assar architects to strengthen integrated design capabilities in Belgium, France and Luxembourg.

One of Belgium’s largest promotion platforms, myShopi, will have a new owner as of January 1, 2026.

The Dutch Vos Transport Group has expanded its Benelux footprint through the acquisition of Belgian transport company Mvitra NV, based in Diest. The takeover, effective 10 October 2025, marks a strategic move to enhance Vos Transport Group’s road transport and warehousing network in the region.

Belgian sealant and PU foam producer Soudal is strengthening its position in the Middle East through two strategic acquisitions, targeting one of the world’s fastest-growing construction markets.

Marketing technology company DESelect has announced it is joining Unaric, a rapidly expanding global tech firm focused on transforming how Salesforce customers leverage artificial intelligence.

New alliance launches “Whyte EU” to strengthen European public affairs presence in Brussels.

Intero – The Sniffers and Aeromon have announced their merger, creating a global leader in emission detection, quantification, and management solutions.

Belgian pharmaceutical company Ceres Pharma NV has acquired 100 percent of the shares of BioCo Kft., a leading Hungarian developer, manufacturer, and distributor of dietary supplements, subject to regulatory approval.

Pan-European private equity firm Apheon has acquired a majority stake in Golmar Italia S.p.A., a leading Italian distributor of professional cleaning and hygiene products.

Belgian logistics giant Gosselin Group has acquired 100 percent of Delcatrans Group, strengthening its position in West Flanders and Northern France.

A new cross-border digital collective has been launched in the Benelux. Five established agencies – AGConsult (BE), Faceworks (NL), Online Department (NL), Thinline (BE), and Your Business Online (NL) – are joining forces under the banner of Citizens. Together, they bring 70 specialists, 1,000 clients, and five offices.

Belgian charging infrastructure specialists STROOHM and Pluginvest have announced their merger, creating what they describe as the number one player in the domestic e-mobility market.

Belgian wealth manager Delen Private Bank has finalized the acquisitions of Dutch firms Petram & Co (Utrecht) and Servatus Vermogensmanagement (’s-Hertogenbosch), further consolidating its position in the Netherlands.

Grant Thornton Advisors LLC has acquired the member firms of Grant Thornton in Belgium, France and Spain.

Gent-based Tailormade Logistics (TML) is back in family hands after private-equity firm Kebek sold its stake to Malo Ventures, the investment vehicle of entrepreneurs Kelly De Dijcker and Pieter Balcaen.

The planned merger between Belgian real estate groups Aedifica and Cofinimmo to form a leading European healthcare REIT is still under review by the Belgian Competition Authority (BMA).

Belgian cloud-native scaleup StackGuardian has secured a 10 million euros Series A round led by Dutch cybersecurity investor TIN Capital, with participation from Volta Ventures and InvestLink.