Here comes the final update for M&A activity in 2025. 2025 has been an extremely busy year in HR Tech/ WorkTech consolidation and it already looks like this development will continue in 2026. Key drivers of consolidation in 2025 where: Portfolio extensions of larger (suite) vendors for more up- & cross-selling - often also driven by investors. Market and customer access into untapped markets that are especially hard to win in business-critical product areas with low churn or

Following a very active October in terms of HRTech M&A this update summarizes November transactions and there were several ones again in the European HR Tech space. Again, multiple are characterized by established vendors acquiring AI-first vendors. Furthermore, also the payroll and HCM consolidation driven by the HCM and payroll groups continued. Here is the summary for November 2025: 𝐇𝐑𝐓𝐞𝐜𝐡 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬: 📝   Epassi   (FI) backed by   TA Associates   and  

After a record-breaking third quarter in terms of numbers of transaction in #HRTech ( Venero Capital Advisors   counted 111 - highest since they started recording), analysts and advisors including myself expect the wave of consolidation to continue. Economic environment in combination with new tech advancements as well as a lot of "dry powder" = capital to deploy in private equity continue to boost acquisition interest as well as selling interest at the same time.   Also in O

Whilst the August update included some major transactions in HRTech already, this streak continued into September 2025. With more than 100 acquisitions announced in Q3, we are in the midst of a strong consolidation period in HRTech. Also in September there were several transactions of AI-based vendors in the talent acquisition space. Furthermore, also the benefit and payroll consolidation driven by the large employee benefits and payroll groups continued. Here is the summary

Our July Newsletter on M&A already included a sneak peak teasing that August 2025 really has been an exceptional month in #HRTech...

Whilst August in #HRTech started with a big bang on August 1st with the announcement of the planned acquisition of SmartRecruiters  by...

As usual, the months before the summer break tend to be busy months for M&A and June has proven this again. With some interesting deals...

Whilst quite a number of merger & acquisition deals in European HRTech for June 2025 have already been announced in the employee benefits...

Whilst the first of 2025 closed with a number of deals in HRTech already, M&A announcements in April have cooled off a bit. Conversations...

The first quarter of 2025 already came to a close and March again brought in several larger deals. At the beginning of the year, it's...

2025 kicked off with several larger deals in the US and that streak seems to continue further into Q1 as well. It's been discussed a lot...

Summary of Monthly M&A Activity in HRTech in Europe

A lot of analysts and advisors have stated that in 2025 we will see a significant increase of M&A activity in the HR Tech market and...

Whilst several deals in December have already been announced and promise an interesting end of a busy year in HRTech, here comes the...

Last month, was a more busy month again in terms of mergers and acquisitions. There quite a few interesting European and also global ...

Last month, was a more busy month again after summer break in terms of mergers and acquisition. There were some notable European and also...

Last month, was a less busy month in terms of mergers and acquisition due to summer break. There were only a few European and also...

Last month, again showed some interesting European  #HRTech  deals - with most activity in the UK recruitment agency space but also with...

Last month, again showed some interesting European  hashtag#HRTech  deals - with a lot of activity by private equity. Let me know if I...

Last month, again showed some very interesting  hashtag#European   hashtag#HRTech   hashtag#deals .  ⬇ 𝐇𝐑𝐓𝐞𝐜𝐡...