Top Ten Tech M&A Transactions This Week 7/18/25 by Ascento Capital

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July 18, 2025

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Top Ten Tech M&A Transactions This Week 7/18/25

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Deals of the Week

7/11/25 Google to Pay $2.4 Billion in Deal to License Tech of Coding Startup Windsurf, Hire CEO

Google has agreed to pay about $2.4 billion in a deal to license the technology of AI coding startup Windsurf and hire its CEO and some of its employees, according to people familiar with the matter.

The deal comes after talks for OpenAI to acquire Windsurf stalled, the people said.

The Alphabet unit is hiring a small number of Windsurf employees to focus on agentic coding within its DeepMind division, and the tech giant will also acquire a nonexclusive license to some of Windsurf’s technology.

7/14/25 Cognition to Acquire Windsurf After Google Poaches Founders and Researchers

Artificial intelligence (AI) software engineer provider Cognition is acquiring AI code generation startup Windsurf, the companies said Monday (July 14) in separate blog posts.

These announcements came after Friday’s (July 11) news that Google had successfully recruited several top executives and researchers from Windsurf.

Cognition said in its blog post that it signed a definitive agreement to acquire Windsurf, including the company’s intellectual property (IP), product, trademark, brand and people.

7/17/25 Expense management platform Rydoo acquires Semine for AP automation

Rydoo is set to enhance its expense management platform with automated accounts payable (AP) capabilities through its newly announced acquisition of Semine, an Oslo-based fintech founded by Robert Kristiansen in 2015. The financial terms of the deal have not been disclosed.

Semine uses AI algorithms, including machine learning and pattern recognition, to automate the process of incoming invoices. Capable of analysing and designating invoices across various formats and workflows, with automated accounting dimensions, the software is currently used by over 10,000 clients across 25 countries.

7/16/25 GIC teams with partners group, Mubadala, TPG to buy German proptech firm for $7.8B

Singapore sovereign giant GIC has joined with Swiss fund manager Partners Group and Abu Dhabi’s Mubadala Investment Company to buy Techem, a German provider of energy-saving services to the real estate sector, at an enterprise value of €6.7 billion ($7.8 billion).

US private equity firm TPG is also taking part in the acquisition through its climate investing strategy, the companies said Monday in a release. Partners’ infrastructure business will hold a controlling interest and the other investors will take minority stakes in Techem, which serves more than 440,000 customers in 18 countries.

7/16/25 Eaton signs agreement to acquire Resilient Power Systems Inc.

Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Resilient Power Systems Inc., a leading North American developer and manufacturer of innovative energy solutions, including solid-state transformer-based technology.

“Resilient’s medium voltage solid-state transformers are a next-generation solution in high-power, direct current (DC) applications in the electric vehicle (EV) market – and there’s huge opportunity for future applications in data centers, port electrification and battery energy storage,” said Mike Yelton, president, Americas Region, Electrical Sector. “By leveraging Eaton’s manufacturing capabilities, field service organization and commercial scale, we’re confident we can expand the market for this innovative technology to data center and other customers looking to move faster, minimize costs and improve power distribution efficiency and reliability.”

7/15/25 AV startup Pronto acquires off-road autonomous vehicle rival SafeAI

The Venn diagram of engineers who know a little bit about AI, self-driving, and mining has a small intersection. Pronto CEO Anthony Levandowski wants as many of those people as possible. And an acquisition is helping him achieve that goal.

The San Francisco-based startup, which has developed a self-driving system designed for haulage trucks and other off-road vehicles used at construction and mining sites, has acquired competitor SafeAI, TechCrunch has learned.

Terms of the deal have not been disclosed. However, Levandowski said the acquisition is a talent and technology play. The bulk of the small 12-person startup’s engineering team and its IP will come over to Pronto. A source familiar with the deal said the SafeAI acquisition price was in “the millions.”

7/15/25 Zimmer Biomet announces definitive agreement to acquire Monogram Technologies, expanding robotics suite with autonomous solutions

Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, and Monogram Technologies Inc. (NASDAQ: MGRM), an orthopedic robotics company, announced they have entered into a definitive agreement for Zimmer Biomet to acquire all outstanding shares of stock of Monogram for an upfront payment of $4.04 per share in cash, corresponding to an equity value of approximately $177 million and an enterprise value of approximately $168 million. Monogram common stockholders will also receive a non-tradeable contingent value right (CVR) entitling the holder to receive up to $12.37 per share of common stock in cash if certain product development, regulatory and revenue milestones are achieved through 2030. The respective boards of directors of Zimmer Biomet and Monogram have unanimously approved the proposed transaction.

7/15/25 Doorvest announces acquisition of Wreno

Doorvest, a real estate investing app, has acquired Wreno, an AI-powered vendor management and project automation platform for institutional-grade property operations.

The financial aspects of the deal were not disclosed. The companies announced their combined team plan to roll out upgraded tools for project oversight, vendor engagement, and home acquisition.

7/14/25 Zendesk's HyperArc Acquisition: A Bold Play for Dominance in AI-Driven Customer Intelligence

The SaaS sector is undergoing a seismic shift as companies race to embed generative AI (GenAI) into their core offerings. Zendesk's 2025 acquisition of HyperArc, a stealthy AI-native analytics startup, signals its intent to capitalize on this trend—and investors should take note. This move isn't merely a tech upgrade; it's a strategic play to redefine customer service analytics and cement Zendesk's position as an AI-first SaaS leader. Here's why this acquisition could be a game-changer—and why it's time to consider buying Zendesk stock.

7/14/25 Lloyds Banking Group in advanced talks to acquire fintech Curve

Lloyds Banking Group is reportedly in advanced discussions to acquire financial technology company Curve, with the deal expected to value at approximately £120m.

The transaction could be finalised as early as September 2025, according to sources cited by Sky News. The British bank sees Curve as a strategically important acquisition as it seeks to expand its presence in the payments infrastructure sector.

Curve, which was founded in 2016 by Shachar Bialick, a former Israeli special forces soldier, has positioned itself as a rival to Apple Pay.

7/13/25 Meta acquires voice startup Play AI

Meta has acquired Play AI, a startup that uses AI to generate human-sounding voices.

A Meta spokesperson has confirmed the acquisition, according to Bloomberg, which also reports that an internal memo stated that the “entire PlayAI team” will be joining the company next week. (TechCrunch has also reached out to Meta for confirmation.)

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