Top Ten Tech M&A Transactions This Week 7/11/25 by Ascento Capital

Weekly Newsletter

Top Ten Tech M&A Transactions This Week 7/11/25

Deal of the Week

7/7/25 AI cloud firm CoreWeave to acquire Core Scientific for $9bn

AI cloud firm CoreWeave is to acquire data center developer Core Scientific for $9 billion. The deal sees Core Scientific being taken over by its largest customer.

The companies today announced that they have signed a definitive agreement under which CoreWeave will acquire Core Scientific in an all-stock transaction. The deal is expected to close in Q4 2025.

Through the acquisition, CoreWeave will own approximately 1.3GW of gross power across Core Scientific's national data center footprint, with ~840MW supporting CoreWeave’s HPC contracts and ~500MW of cryptomining capacity. An incremental 1GW+ of potential gross power is available for expansion.

Data Center Dynamics

7/9/25 Pakistani ecommerce startup Bazaar acquires payments leader Keenu as it pushes into fintech, eyes profitability

Karachi-headquartered ecommerce startup Bazaar has acquired leading Pakistani payments company Keenu in a strategic move to create what it says would be the country’s first integrated commerce and fintech ecosystem. The acquisition, approved by the State Bank of Pakistan, marks the first time a major Pakistani ecommerce company has brought payments infrastructure in-house. The financial details of the transaction were not disclosed.

Founded in 2020 by Saad Jangda and Hamza Jawaid, Bazaar is now one of Pakistan’s largest ecommerce platforms, with operations in 10+ cities and its own supply chain infrastructure. It started as a B2B platform for grocery store owners and quietly expanded into consumer groceries last year, a service currently available in Karachi.

The company has raised over $100 million in institutional funding from prominent investors including Dragoneer Investment Group, Tiger Global, and Indus Valley Capital, positioning it as one of Pakistan’s most well-capitalized tech startups. According to Bloomberg, Bazaar expects to hit profitability in the next few quarters.

MenaBytes

7/9/25 Africa’s largest proptech Nawy acquires majority stake in Dubai’s SmartCrowd

Nawy has entered the GCC market with a strategic majority stake in SmartCrowd, the region’s first regulated platform enabling fractional property investments.

The move strengthens Nawy’s bid to become the definitive PropTech leader across the Middle East and Africa. This expansion follows Nawy’s recent $52 million, Series A fundraise in participation with e& Capital, Partech,  March Capital Investments (MCI), Endeavor Catalyst, , Development Partners International (DPI) Venture Capital via the Nclude Fund, Shorooq, VentureSouq (VSQ), Outliers, Verod-Kepple Africa Ventures (VKAV), HOF Capital, and Plug and Play, part of a US $75 million total to accelerate its growth across real estate verticals including digital property listings, mortgage financing, brokerage services, and fractional ownership.

Zawya

7/8/25 Coretek expands AI and cloud with Total Solutions acquisition

Coretek, a Microsoft Azure cloud provider, has acquired Detroit-based Total Solutions in a move to broaden its scope in artificial intelligence (AI), data, and Microsoft Cloud services.

The financial terms of the deal were not disclosed.

Through the acquisition, Coretek expects to enhance its national presence in the US and strengthen its delivery of Microsoft Cloud and digital AI transformation solutions.

Verdict

7/8/25 Grundfos strengthens water treatment offering with North America acquisition

Danish company Grundfos, a global leader in advanced water solutions, recently announced it has signed an agreement to acquire the Pittsburgh based water and wastewater treatment solutions company Newterra from the Chicago-based Private Equity firm, Frontenac.

The signing follows a series of strategic acquisitions made by Grundfos in recent years and will further strengthen the company’s growing portfolio within water treatment.

It also underscores Grundfos’ strategic ambition to expand its presence in the important US and Canadian markets. The company aims to double its US business by 2030 and recently announced that it will expand its production footprint in the US by building a new plant in Brookshire, Texas, where the company has its US headquarters.

Water Technology

7/8/25 Allegion acquires Waitwhile access software platform

Allegion plc, through one of its subsidiaries, has acquired privately owned Waitwhile Inc. (Waitwhile), a software-as-a-service provider that specializes in cloud-based appointment scheduling and queue management.

Waitwhile’s software platform provides virtual wait list and scheduling capabilities that enable businesses to facilitate access to places, services, appointments, and events—whether online or in person. Real-time status updates and instant messaging, paired with analytics, improve operational efficiency for both enterprise customers and their end users through reduced wait times and crowd management.

Security Info Watch

7/8/25 Clarity AI buys sustainability fintech ecolytiq

US-based Clarity AI uses artificial intelligence to provide data-driven environmental and social insights to investors, corporates, governments, and consumers. The firm works with a host of financial services giants and, within the investment sector, serves a direct network of clients managing around $70 trillion in assets.

The deal to buy Berlin-based ecolytiq expands Clarity AI's climate engagement offering for global retail and commercial banking financial institutions.

Ecolytiq’s platform specialises in analysing real-time transaction data to quantify environmental footprints and deliver high-impact sustainability content, powered by behavioural science and designed for measurable impact.

FinExtra

7/8/25 Samsung's Xealth Acquisition Connects Patient Data To Clinical Care

Samsung Electronics Co., Ltd. on Tuesday announced plans to acquire Xealth, a digital health platform that integrates various tools into provider systems. This move advances Samsung’s strategy to build a more connected healthcare ecosystem. Deal terms were not disclosed.

The South Korean tech giant aims to link patient-generated wellness data from devices like smartwatches and the upcoming Galaxy Ring with clinical decision-making systems. The goal is to offer a more holistic, personalized approach to care.

Benzinga

7/7/25 France’s Capgemini to buy WNS for $3.3bn to improve AI offerings

Tech and consultancy group Capgemini has agreed to buy US-listed WNS Holdings Ltd. for $3.3 billion (€2.8bn), according to a statement released on Monday.

The French firm said that it is offering $76.50 per WNS share, representing a premium of 17% on the stock’s closing price on Thursday. This does not include WNS’ financial debt.

Capgemini forecasts that the deal will boost its earnings per share by about 4% on a normalized basis in 2026, rising to 7% in 2027 after combining operations.

EuroNews

7/7/25 Broadridge enhances fund distribution capabilities with Acolin acquisition

Broadridge Financial Solutions has reached an agreement to acquire Acolin, a Zurich-based provider of cross-border fund distribution and regulatory services.

The acquisition will strengthen Broadridge's global fund distribution, data, and regulatory service capabilities while establishing what the company describes as a "pan-European fund distribution network".

Founded in 2006, Acolin provides fund distribution support services with access to over 3,000 distributors in more than 30 countries. The firm handles fund registrations and legal representation for its over 350 clients, allowing asset managers to centralise the administration of distributor data, contracts, commissions, and compliance requirements.

FinTech Futures