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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-10-02 Segments.ai
Information Technology
Kessel-Lo, Belgium
www.segments.ai

Segments.ai drives the cost of image labeling to zero by helping clients drastically reduce the human effort involved in labeling massive datasets. Its cloud platform & API covers efficient labeling interfaces, automated proposals, active learning with uncertainty prediction, and data distillation. Segments.ai is based in Kessel-Lo, Belgium.

Add-on Acquisition

Uber
Company
Internet Software and Services
San Francisco, California
www.uber.com

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2025-09-10 icometrix
Information Technology
Leuven, Belgium
www.icometrix.com

icometrix provides AI-powered brain imaging analysis through its icobrain platform, offering clinicians valuable insights into neurological disorders. The company extracts key data from brain MRI scans, facilitating more accurate diagnoses and personalized treatment plans across hospitals globally. Furthermore, it collaborates with pharmaceutical companies to support strategic drug development, clinical trials, real-world evidence, and market access needs. icometrix was formed in 2011 and is based in Leuven, Belgium.

Add-on Acquisition

GE Healthcare
Company
Medical Products
Westborough, Massachusetts
www.gehealthcare.com

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Deal Article Deal Link  
2025-08-26 Waylay
Information Technology
Ghent, Belgium
www.waylay.io

Waylay develops an AI-driven hyperautomation software platform that enables workflow-based automation, system integration, and orchestration across a wide range of connected assets, enterprise applications, and cloud services. Among its capabilities are data analytics and orchestration scenarios that operate with unprecedented speed, significantly cutting the cost of integration and product deployment. The software can analyze real-time machine data, identify operational trends, and propose predictive actions that minimize downtime and improve system performance. Waylay was formed in 2014 and is based in Ghent, Belgium.

Add-on Acquisition

Vertiv
Company
Electrical Equipment
Columbus, Ohio
www.vertiv.com

-
Deal Article Deal Link  
2025-01-14 Cipal Schaubroeck
Information Technology
Geel, Belgium
www.cipalschaubroeck.be

Cipal Schaubroeck is a vertical market software provider active in the local government vertical. Cipal Schaubroeck was founded in 2016 and is based in Geel, Belgium.

Add-on Acquisition

Total Specific Solutions B.V.
Company
Software
Utrecht, Netherlands
www.totalspecificsolutions.nl

Constellation Software
Company
Software
Toronto, Ontario
www.csisoftware.com

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2025-01-07 Septentrio
Information Technology
Leuven, Belgium
www.septentrio.com

Septentrio is an OEM provider of Global Navigation Satellite System (GNSS) technologies, to drive innovation and expand the market reach of Resilient Assured Positioning solutions. Septentrio is headquartered in Leuven, Belgium.

Advisor: IA Global Capital
Add-on Acquisition

Hexagon
Company
Information Technology
Stockholm, Sweden
www.hexagon.se

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Deal Article Deal Link  
2024-04-02 ArtiQ
Information Technology
Leuven, Belgium
www.artiq.eu

ArtiQ is a software company dedicated to enhancing the diagnosis and monitoring of patients with respiratory conditions. ArtiQ was founded in 2019 and is based in Leuven, Belgium.

Add-on Acquisition

Clario
Company
Medical Products
Philadelphia, Pennsylvania
www.clario.com

-
Deal Article Deal Link  
2023-05-14 Westpole
Information Technology
Vilvoorde, Belgium
www.westpole.be

Westpole is an IT Services & Solutions provider that represents the ideal partner for the Digital Transformation of business, thanks to 40+ years of experience in Technology and Innovation management. Westpole is based in Vilvoorde, Belgium.

Add-on Acquisition

Prodware
Company
Information Technology
Paris, France
www.prodware.fr

LIVIA Corporate Development
Investor
Corporate Investor
Munich, Germany
www.livia-group.com

Deal Article Deal Link  
2023-04-19 AdValvas
Information Technology
Sint-Martens-Latem, Belgium
www.advalvas-group.com

AdValvas is a provider of an e-Invoicing and e-Delivery services for suppliers and buyers. AdValvas was founded in 2004 and is based in Sint-Martens-Latem, Belgium.

Add-on Acquisition

Axway
Company
Software
Scottsdale, Arizona
www.axway.com

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Deal Article Deal Link  
2022-10-11 Excellium
Information Technology
Zaventem, Belgium
www.excellium-services.com

Excellium is a cyber-security consulting and technology Integration Company that covers the entire information security domain, from governance to implementation, to penetration tests and operational monitoring. Excellium is based in Zaventem, Belgium.

Add-on Acquisition

Thales
Company
Safety/Security
Meudon, France
www.thalesgroup.com

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Deal Link  
2022-07-25 QuantaCorp
Information Technology
Ghent, Belgium
www.quantacorp.io

QuantaCorp is Belgian startup focused on developing a 2D to 3D body measurement system for mobile devices. It measures the entire body by taking just two pictures. Applications are focused on Retail, Health/fitness and medical markets. QuantaCorp was formed in 2015 and is based in Ghent, Belgium.

Add-on Acquisition

Bodidata
Company
Information Technology
St. Petersburg, Florida
www.bodidata.com

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Deal Article Deal Link  
2022-07-14 ProUnity
Information Technology
Brussels, Belgium
www.pro-unity.com

ProUnity is a managed service provider (MSP) with its own marketplace and Vendor Management System (VMS). ProUnity was founded in 2015 and is based in Brussels, Belgium.

Add-on Acquisition

HeadFirst Group
Company
Business Services
Hoofddorp, Netherlands
www.headfirst.group

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Deal Article Deal Link  
2022-05-10 Carflow
Information Technology
Antwerpen, Belgium
www.carflow.pro

Carflow offers state of art solutions enhancing the digital showroom of dealers and strong sales & marketing automation tools for automotive retail and OEMs. These enable them to manage consumer leads, offers, and orders; control new and second-hand inventory as well as publish available cars to media partners and on their own website through Carflow’s plug-in function framework. For OEMs and large dealer groups, Carflow has developed its Master CMS, making it possible to centrally roll out and manage a large number of dealer websites, while still retaining a great deal of flexibility for the local dealer branches within the brand identity of the OEM. Carflow was formed in 2007 and is based in Antwerpen, Belgium.

Add-on Acquisition

MotorK
Company
Internet Software and Services
Milan, Italy
www.motork.io

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Deal Article Deal Link  
2021-11-03 Objective
Information Technology
Wichelen, Belgium
www.objt.com

Objective is a provider of shop floor and warehouse floor IT solutions. Objective International offers an innovative combined MES and WMS solution for the process and discrete manufacturing industry. Objective was founded in 1996 and is based in Wichelen, Belgium.

Add-on Acquisition

Aptean
Company
Software
Alpharetta, Georgia
www.aptean.com

Alpina Partners
Investor
Private Equity Firm
Munich, Germany
www.alpinapartners.com

Deal Article Deal Link  
2021-10-28 Anankei
Information Technology
Heverlee, Belgium
www.itjobs4you.be

Anankei is an IT consulting company with a human touch, specialized in Infrastructure and Telecom. Its client portfolio consists of around fifteen major international clients, mainly in the Telecom, Banking, Finance and Insurance and Utilities sectors. Anankei is based in Heverlee, Belgium.

Add-on Acquisition

Groupe SII
Company
Information Technology
Paris, France
www.sii-group.com

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Deal Article Deal Link  
2021-10-12 iController
Information Technology
Ghent, Belgium
www.icontroller.eu

iController is a B2B provider of intelligent solutions for collections management. iController’s software-as-a-service (SaaS) offering enables a wide range of users, from credit and collections managers to CFOs, to see information and communication in real time, providing visibility into cash flow management. iController was founded in 2007 and is based in Ghent, Belgium.

Add-on Acquisition
Value

$58

Billtrust
Company
Internet Software and Services
Lawrenceville, New Jersey
www.billtrust.com

-
Deal Article Deal Link  
2021-06-04 CODATA
Information Technology
Namur, Belgium
www.codata.eu

CODATA offers the reference database on the market describing the offer of commercial sites and locations in France and the Benelux, through online search tools allowing the consultation and downloading of data. CODATA was founded in 1989 and is based in Namur, Belgium.

Add-on Acquisition

Explore
Company
Information Technology
Carquefou, France
www.explore.fr

-
Deal Article Deal Link  
Avg $35
0.0x EBITDA
5.6x REVENUE

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