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Top Ten Tech M&A Transactions This Week by Ascento
Stay current with the latest Tech M&A transactions!
Deal of the Week

12/26/25 Nvidia Solidifies AI Dominance with Landmark $20 Billion Groq Strategic "Acqui-Hire"
In a move that has sent shockwaves through Silicon Valley and Wall Street, Nvidia (NASDAQ: NVDA) has effectively neutralized its most formidable challenger in the AI inference space. By orchestrating a massive $20 billion "license and acqui-hire" deal with Groq, the startup famed for its ultra-fast Language Processing Units (LPUs), Nvidia has not only secured the industry's most advanced low-latency technology but has also integrated the visionary leadership of Groq’s founder, Jonathan Ross. This strategic maneuver, finalized on December 24, 2025, represents a pivotal shift in the AI hardware wars, signaling Nvidia’s intent to dominate the "inference era" just as it did the training era.
The immediate implications of this deal are profound. By absorbing approximately 80% of Groq’s workforce and its top-tier executive suite, Nvidia has bypassed years of internal R&D to solve the "memory wall"—the primary bottleneck in real-time AI processing.

12/31/25 TransDigm expands product portfolio with $960 million deal for Stellant Systems
TransDigm (TDG.N), said on Wednesday it would buy Stellant Systems, a portfolio company of Arlington Capital Partners, for about $960 million in cash, including tax benefits.
Cleveland, Ohio-based TransDigm said Stellant, a global designer and manufacturer of high-power electronic components and subsystems serving aerospace and defense customers, is projected to bring in roughly $300 million in revenue in 2025.

12/30/25 One Stop Systems sells Bressner Technology for $22.4 million
One Stop Systems, Inc. (Nasdaq:OSS) announced Tuesday it has sold its Bressner Technology GmbH subsidiary to Hiper Euro GMBH for $22.4 million, subject to final working capital adjustments. The transaction comes as OSS shares have delivered a strong 101.7% return over the past year, with the company currently valued at approximately $175 million in market capitalization.
The transaction, which closed Tuesday, represents a significant return on OSS’s original $5.6 million investment when it acquired Bressner in October 2018. During OSS’s ownership, Bressner’s annual sales grew from approximately $18.3 million in 2019 to $33.0 million on a trailing 12-month basis as of September 30, 2025.

12/30/25 Spectral Capital Agrees To Buy Telvantis Voice Services
Spectral Capital Corp. (FCCN), a digital infrastructure and AI-forward platform company, Tuesday announced that it has entered into a definitive agreement to acquire Telvantis Voice Services, Inc., a Florida-based telecommunications and voice services provider, from Telvantis, Inc. in an all-stock transaction.
With this acquisition, Spectral expects to realize at least $240 million in annual gross revenue on a consolidated basis and at least $1 million in annualized GAAP net operating profit.

12/30/25 ZenaTech Completes Three Acquisitions Accelerating North American Drone-as-a-Service Expansion and Service Capabilities
ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces the completion of three strategic Drone as a Service acquisitions, two in the U.S. and the company’s first Canadian acquisition.
These additions to the company’s holdings further expand the portfolio of DaaS drone-based service offerings, as well as the North American geographic reach and bring the number of completed acquisitions for the year to 19.

12/29/25 Atea sells majority stake in Latvian subsidiary AppXite to Aries Global
Atea has agreed to sell a 51% stake in its Latvian subsidiary AppXite SiA, a platform for distributing and reselling subscription-based software and IT services, to UK-based Aries Global, while retaining a 41% ownership on a fully diluted basis through share sale and employee option arrangements. The deal, valuing the majority stake at up to EUR 10.7 million, comes as AppXite is forecast to generate around EUR 5 million in IFRS revenue in 2025 with breakeven EBIT, and is positioned as a strategic move to accelerate AppXite’s growth with a new majority owner while keeping Atea closely involved in the development of its subscription-management capabilities and partner ecosystem.

12/29/25 SoftBank expands AI infrastructure ambitions with $4B DigitalBridge acquisition
DigitalBridge’s assets in data centers, fiber, and towers would bolster SoftBank’s $500B Project Stargate and other AI bets.
SoftBank Group has announced plans to acquire DigitalBridge Group, an asset manager specializing in digital infrastructure investments such as data centers, cell towers, and fiber networks, in a deal valued at $4 billion. The acquisition underscores SoftBank’s aggressive strategy to dominate the next wave of AI infrastructure globally.
EV/Sales: 10.7x
EV/EBITDA: 15.9x

12/29/25 Mirae Asset announces plans to acquire Korean crypto exchange Korbit
The Korean cryptocurrency market is dominated by Upbit and Bithumb, which represent over 95% of the exchange volume in the country. As the fourth-largest cryptocurrency exchange, Korbit serves as an entry point for Mirae into the cryptocurrency industry, which has traditionally focused on traditional finance since its founding in the late 1990s.
Founded in 2013, Korbit, also known as 코빗 (Ko-bit) in Korean, began as Korea’s first cryptocurrency exchange, pioneering bitcoin trading in Korean won. Although it opened the market to the local population and paved the way for early trading infrastructure, it was quickly surpassed by the larger exchanges. Today, it still remains a key player in the market.

12/29/25 Meta buys Chinese-founded AI start-up Manus
Meta has said it is buying the artificial intelligence start-up Manus, in a rare example of a US technology group scooping up a cutting-edge AI platform with Chinese roots.
In a statement, Meta said that it would “operate and sell the Manus service” — a highly sophisticated digital helper — while integrating its technology into its own products, such as its Meta AI chatbot. Financial terms of the deal were not disclosed.

12/26/25 Coforge to acquire Encora in $2.35B technology services deal
Information technology services provider Coforge Ltd. today announced plans to acquire rival Encora Digital LLC for $2.35 billion.
Coforge, which is listed on two stock exchanges in India, will finance the deal with shares. It will take out a bridge loan worth up to $550 million to refinance the debt on Encora’s balance sheet. Coforge is buying the company from a consortium that includes private equity firm Advent International, Warburg Pincus and other investors.

Ascento Capital Invest is an investment bank that specializes in the technology sector and provides advisory services for mergers & acquisitions, capital raises, and valuations for technology companies in the United States and internationally. Take a look at our website for more information: www.techbanking.com
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Victoria Ronan, Associate | Ron Kullashi, Associate |
