All entries in the IT / Software sector, newest first. tag:eurotrack.ai,2026:en:en/sectors/it-software 2026-10-29T06:00:00Z Eurotrack tag:eurotrack.ai,2026:8e5ffdd4:en 2026-10-29T06:00:00Z

Estonian CRM software firm Pipedrive plans to downsize significantly at all locations, according to a letter from CEO Paulo Cunha to staff: fewer teams, management layers and offices. Most current roles are affected, and each employee will be informed individually over the next two days. The company gives no figure; the group employs almost 800 people, around half of them in Estonia. (ERR News, 29 Oct 2026) — Source: https://news.err.ee/1610180296/estonian-unicorn-pipedrive-announces-major-restructuring-office-closures

tag:eurotrack.ai,2026:811181d5:en 2026-10-27T06:00:00Z

Valmet has agreed to buy Tieto's manufacturing execution system business, whose TIPS MES software runs in about 300 pulp and paper mills and generates roughly EUR 32 million in annual revenue. Closing is expected in the second quarter of 2027, and no price is given (Valmet press release, 27.10.2026). — Source: https://news.cision.com/fi/valmet-oyj/r/valmet-ostaa-tiedolta-tuotannonohjausjarjestelmaliiketoiminnan-vauhdittaakseen-teollisuuden-siirtyma,c4415664

tag:eurotrack.ai,2026:abeb0c7b:en 2026-10-26T06:00:00Z

Telefónica España has acquired a 10% stake in OGA, a Seville-based deep-tech company with more than 75 employees that applies AI and mathematical optimisation to logistics, energy, health and defence. The stake comes with a technical and commercial alliance; Telefónica gets no board seat and the price is not disclosed (Expansión, 26 Oct 2026). — Source: https://www.expansion.com/empresas/telecomunicaciones/2026/10/26/6adf3c7d468aeb641d8b4588.html

tag:eurotrack.ai,2026:a2d9344a:en 2026-10-20T06:00:00Z

Live-commerce platform Whatnot is expanding its European headquarters in Dublin and aims to lift its Irish headcount from 130 to close to 300 within 18 months. Roles span engineering, AI, operations, strategy, and trust and safety, with most hiring happening in Dublin according to co-founder Grant LaFontaine. The company gives no fixed number of new jobs and no investment sum (Irish Times, 20 Oct 2026). — Source: https://www.irishtimes.com/business/2026/10/20/live-commerce-platform-whatnot-to-double-irish-workforce-in-18-months/

tag:eurotrack.ai,2026:b7800bef:en 2026-10-20T06:00:00Z

Magnora Data Center, together with Blix Group, has acquired an operating data centre in Oslo from an international telecom operator; Magnora holds 75% and Blix 25%. The site covers about 1,400 m² with up to 2 MW of IT load and is the third site in the Oslo metro strategy; Blix will connect it to its fibre network. The release names no price or job figures (Magnora Data Center, exchange release, 20 Oct 2026). — Source: https://newsweb.oslobors.no/message/684387

tag:eurotrack.ai,2026:3875f33e:en 2026-10-20T06:00:00Z

Finnish software company Lemonsoft opened change negotiations again on 20 Oct 2026 at the parent company: about 134 employees in Finland are covered, the reduction need is at most 9 positions, and the company is aiming for an annual cost effect of about €0.5m. New roles may also arise; the previous year's negotiations led to 25 job cuts (Yle, 20 Oct 2026). — Source: https://yle.fi/a/74-20252431

tag:eurotrack.ai,2026:d815961c:en 2026-10-15T06:00:00Z

The mapping and navigation company TomTom is reorganising into three divisions, Automated Driving, Location Intelligence and Navigation, removing management layers and putting around 200 roles at risk. Group revenue fell 6% to €129m in the third quarter; the company already cut jobs in 2025 (TomTom, quarterly statement, 15 Oct 2026). — Source: https://www.tomtom.com/newsroom/press-releases/earnings-other/29691/third-quarter-2026-results/

tag:eurotrack.ai,2026:f7cef014:en 2026-10-12T06:00:00Z

SIX-listed EvoNext Holdings and sports technology group Ascend signed a binding agreement for a statutory merger on 12 October 2026; Ascend thereby gains a listing and is to operate as Ascend Sport Technology AG. EvoNext is valued at CHF 2.50 per share and Ascend's equity at CHF 500m. Both extraordinary general meetings must approve, with completion planned for the fourth quarter of 2026 (EvoNext, ad hoc announcement, 12 Oct 2026). Update (2 Nov 2026): The two sides have signed the merger agreement; a share placement of up to CHF 220m is planned at an expected CHF 2.50 per share, after which existing EvoNext shareholders will hold about 3.8% of the combined company. EvoNext's extraordinary general meeting is scheduled for 3 December 2026 (EvoNext, ad hoc announcement). — Sources: https://www.finanznachrichten.de/nachrichten-2026-10/69808805-adhoc-evonext-holdings-sa-evonext-holdings-sa-and-ascend-sport-technology-ag-sign-transaction-agreement-023.htm · https://www.finanznachrichten.de/nachrichten-2026-11/70000878-adhoc-evonext-holdings-sa-evonext-holdings-sa-and-ascend-sport-technology-ag-sign-merger-agreement-023.htm

tag:eurotrack.ai,2026:f361daa6:en 2026-10-09T06:00:00Z

Swedish technology group Hexagon is buying Toronto-based geotechnical software provider Rocscience from TA Associates and its founders and management, at an enterprise value of USD 535m. Rocscience is to join the Radar & Monitoring division, with closing, subject to customary conditions, expected in the fourth quarter of 2026 (Hexagon, press release, 9 Oct 2026). — Source: https://news.cision.com/se/hexagon/r/hexagon-forvarvar-rocscience-och-sluter-cirkeln-mellan-overvakning-av-fysiska-miljoer-och-avancerad-,c4406442

tag:eurotrack.ai,2026:4c10a0f6:en 2026-10-06T06:00:00Z

Munich-based HR and payroll software provider Personio (more than 16,000 customers) has taken over Circula, a spend-management platform founded in Berlin in 2017 that serves over 3,000 companies with 250,000 users. Circula operates as "Circula by Personio" from 06.10.2026 and its team joins Personio; the company did not disclose a purchase price (Personio, press release, 06.10.2026). — Source: https://www.presseportal.de/pm/131958/6365614

tag:eurotrack.ai,2026:a38b122b:en 2026-10-06T06:00:00Z

On 06.10.2026 SAP agreed to acquire TechWolf, an AI company from Ghent whose platform uses existing HR and business data to build a continuously updated picture of a workforce's tasks and skills; the technology is to become the core of SAP's SuccessFactors HR software portfolio. The parties did not disclose a price, and closing is expected in the fourth quarter of 2026, subject to regulatory approval. TechWolf was founded in 2018 by students of Ghent University, had revenue of €8.68m in its last financial year and is to continue as an independent unit headquartered in Ghent; according to CEO Andreas De Neve it is the largest acquisition of a venture-backed software company in Belgian history (SAP, 06.10.2026; second source: VRT NWS, 06.10.2026). — Sources: https://news.sap.com/2026/10/sap-to-acquire-techwolf-evidence-based-work-age-of-ai/ · https://www.vrt.be/vrtnws/nl/2026/10/06/sap-techwolf-gent-overname/

tag:eurotrack.ai,2026:6c889a9c:en 2026-10-05T06:00:00Z

French electrical engineering group Schneider Electric confirmed reports from the previous day on 5 October 2026 and is buying Boston-based industrial software company PTC outright for cash: $205 per share, a 42.3% premium to the last closing price, valuing the equity at about $22.6bn and the enterprise at $23.7bn. The deal is to be funded with new shares and debt and is expected to close in the third quarter of 2027; in June Schneider had already agreed to buy industrial data specialist Cognite (Business Standard/Reuters, 5 Oct 2026; second source: Boston Globe, 5 Oct 2026). — Sources: https://www.business-standard.com/world-news/schneider-electric-confirms-22-6-billion-deal-to-acquire-us-firm-ptc-126100501378_1.html · https://www.bostonglobe.com/2026/10/05/business/schneider-electric-ptc/

tag:eurotrack.ai,2026:14491563:en 2026-09-22T06:00:00Z

British software investor Hg is acquiring 70% of ENTERSOFTONE (ES1), a Greek provider of business software and e-invoicing solutions, valuing the company at just over €1 billion; Olympia Group, Imker Group and management remain minority shareholders. It is Hg's first investment in Greece; ES1 serves more than 90,000 customers (ERP, CRM, payroll, e-invoicing). The price for the stake was not disclosed separately; valuation as reported (source: OT.gr, 22 September 2026; Entersoft press release, 22 September 2026). — Source: https://www.ot.gr/2026/09/22/epixeiriseis/hg-capital-i-vretaniki-etaireia-apokta-to-70-tis-entersoftone/

tag:eurotrack.ai,2026:631ef180:en 2026-09-16T06:00:00Z

On 16 September 2026 the Milan-based IT group TXT e-Solutions agreed to acquire 88% of FMA Investment Holding, which owns 100% of PipeGrep, B2B and Flag — a group specialising in the management of IT infrastructure and data centres. The remaining 12% is covered by a call option exercisable when the 2028 financial statements are approved; the enterprise value is about €6.5m, with the consideration settled 75% in cash and 25% in TXT shares. The FMA group reported 2025 revenue of €6.7m and adjusted EBITDA of around €1.5m. It is TXT's sixth acquisition of the year (Teleborsa, 16 Sep 2026). — Source: https://www.teleborsa.it/News/2026/09/16/txt-accordo-per-l-acquisizione-di-fma-investment-holding-sesto-m-a-dell-anno-179.html

tag:eurotrack.ai,2026:2f6fce33:en 2026-09-10T06:00:00Z

Milan-based software group Bending Spoons (Evernote, WeTransfer, Vimeo) entered into a definitive agreement on 10 September 2026 to acquire collaboration platform Miro (headquartered in San Francisco and Amsterdam) in an all-cash deal at an enterprise value of USD 1.355 billion (around USD 1.79 billion equity value). Some existing Miro shareholders are reinvesting USD 295 million of proceeds into newly issued Bending Spoons shares. Closing is expected in Q4 2026, subject to regulatory approvals. — Source: https://investors.bendingspoons.com/newsroom/bending-spoons-agrees-to-acquire-miro

tag:eurotrack.ai,2026:3f76158d:en 2026-09-10T06:00:00Z

US private equity firm Accel-KKR is acquiring UK-listed Eleco plc (Elecosoft brand, construction software) for 235 pence per share in cash via special-purpose vehicle Avocet Bidco Limited, valuing the company at approximately £207.6 million (~€240m) on a fully diluted basis. Eleco's board unanimously recommends the offer; shareholders representing 45.2% of shares have already given irrevocable undertakings (source: Investegate/RNS, 10 Sep 2026). — Source: https://www.investegate.co.uk/announcement/rns/elecosoft-public-limited-company--elco/accel-kkr-recommended-cash-offer-for-eleco-plc/9764451

tag:eurotrack.ai,2026:e9bef27d:en 2026-09-09T06:00:00Z

On 9 September 2026 Google announced plans to invest around EUR 13 billion in 2027–2028 to expand its AI/data-centre infrastructure in Finland — the company's largest single investment in Europe. This covers the existing Hamina site (expansion) plus three new builds in Kajaani, Muhos and Vaala. Google estimates the construction-phase employment effect at roughly 37,000 jobs nationwide (about 16,000 directly in construction) and around 7,000 'supported' jobs a year once operational (direct and indirect, per Google's press release); as this is an impact estimate rather than announced hires, no jobs figure is counted here. The project is paired with a 22-year power purchase agreement with Fortum to extend the life of the Loviisa nuclear plant, plus 629 MW of new onshore wind capacity and a 94 MW battery storage system (Yle, 9 September 2026). Update (06.10.2026): Finland's Permit and Supervision Authority (LVV) has ordered Google's subsidiary Tuike Finland to halt preparatory works at the Muhos and Kajaani data centre sites by 23.10.2026 at the latest until the environmental impact assessments are complete – covering tree felling, excavation, blasting and the construction of site roads, among other things. According to Google, about 330 ha of forest have already been cleared in Muhos and just under 200 ha in Otanmäki (Kajaani); the assessments are expected to conclude in 2026 (LVV, 06.10.2026; Daily Northern/Yle, 06.10.2026). Update (26.10.2026): According to Baxtel, Google confirms the pause of work at Muhos and Kajaani, country manager Antti Järvinen apologised, a petition for tighter rules has over 93,000 signatures, and the authority LVV will decide after the environmental impact reports expected at the end of 2026 (Baxtel, 26.10.2026). Update (29 October 2026): Google subsidiary Tuike Finland confirmed on 14 October 2026 that preparatory work at Muhos and Kajaani-Otanmäki had been suspended. Oulu police have opened a preliminary investigation into suspected environmental damage at the Muhos site; Tuike must submit a detailed water management plan by 5 November 2026 (Yle, 29 October 2026). — Sources: https://www.googlecloudpresscorner.com/2026-09-09-Google-Deepens-Commitment-to-Finland-with-Two-Year-EUR13-Billion-investment-in-AI-Infrastructure · https://lvv.fi/-/lupa-ja-valvontavirasto-kehottaa-tuike-finland-oy-ta-keskeyttamaan-muhoksen-ja-kajaanin-datakeskushankkeiden-valmistelutoimet · https://www.dailynorthern.com/33901/authority-orders-google-to-halt-data-centre-site-work/ · https://baxtel.com/news/google-apologizes-and-halts-work-at-two-finnish-data-center-sites · https://yle.fi/a/74-20254086

tag:eurotrack.ai,2026:682f00de:en 2026-09-01T06:00:00Z

Reported (dpa, 1 September 2026, via Yahoo Finance/Aachener Zeitung): Rheinmetall plans a technology and innovation centre for artificial intelligence, digitalisation and satellite technology next to its existing Neuss plant, with an investment of around €250 million. According to Mayor Reiner Breuer, about 500 scientists are to work there and production is to grow by about 700 employees — around 1,200 additional jobs in total; the figures come from the city's account, no Rheinmetall press release was available. Update (6 Oct 2026): Serial production of SAR satellites has started in Neuss, built by Rheinmetall Iceye Space Solutions GmbH, in which Rheinmetall holds 60%, with Finland's Iceye as partner. About 50 satellites a year are planned, and in early 2027 the first satellite built in Neuss is to be put into orbit on a SpaceX rocket. The satellites are 3.3 m long and 0.8 m wide and weigh around 220 kg (dpa-AFX/aero.de, 6 Oct 2026). — Sources: https://de.finance.yahoo.com/nachrichten/rheinmetall-technologiezentrum-neuss-rechnet-jobmotor-045225152.html · https://www.aero.de/news-53855/Rheinmetall-startet-Serienproduktion-von-Weltraumsatelliten.html

tag:eurotrack.ai,2026:fb6289a2:en 2026-08-28T06:00:00Z

SoftBank-backed Irish vehicle-connectivity company Cubic3 told around 160 staff on 28 August 2026 that their jobs were at risk; specifically 70 of its roughly 450 global roles will go, 52 of them in Dublin. The company cited financial competitive pressure and, to a lesser extent, increased AI use; the redundancies are compulsory, with notices expected on 21 September 2026 (Silicon Republic, 28 August 2026). — Source: https://www.businesspost.ie/tech/softbank-backed-cubic3-to-axe-70-jobs-most-of-them-in-dublin/

tag:eurotrack.ai,2026:b1327aa4:en 2026-07-23T06:00:00Z

The 16 July reports became a deal: on 23 July 2026 Dassault Systèmes announced via press release a definitive agreement to acquire ArisGlobal — US$1.8bn in cash at closing plus up to US$200m contingent on multi-year AI-related revenue milestones. ArisGlobal runs an AI-native compliance platform for the life sciences industry with more than 200 customers (including half of the top 50 global biopharma companies), processes more than 12 million patient safety reports a year and employs over 1,300 people; 2026 revenue is projected at US$175m. Closing is expected in the second half of 2026 subject to regulatory approvals. It is the group's second-largest acquisition after Medidata (2019). — Source: https://www.3ds.com/newsroom/press-releases/dassault-systemes-acquire-arisglobal-creating-unified-ai-intelligence-platform-life-sciences-industry-connecting-molecule-patient-and-real-world-outcomes

tag:eurotrack.ai,2026:183a553e:en 2026-07-21T06:00:00Z

Berlin-based travel platform Omio Group announced on 21 July 2026 an agreement to acquire rail-distribution specialist Rail Europe (Paris) to consolidate European rail and ground-transportation retailing. Post-completion the group would sell around 22m train tickets a year and work with over 28,000 transport operators and travel sellers. Completion is subject to consultation of the French works council (CSE); no purchase price was disclosed. — Source: https://www.prnewswire.com/news-releases/omio-group-to-acquire-rail-europe-to-consolidate-the-ground-transportation-landscape-302830915.html

tag:eurotrack.ai,2026:647f6eb7:en 2026-07-17T06:00:00Z

SAP has completed the acquisition of Tübingen-based AI startup Prior Labs (pioneer of tabular foundation models), agreed on 4 May 2026. SAP plans to invest more than €1bn over the next four years to build it into a leading frontier AI lab for structured enterprise data; Prior Labs will continue as an independent unit with its own brand and leadership. — Source: https://news.sap.com/2026/07/sap-completes-prior-labs-acquisition/

tag:eurotrack.ai,2026:44adbbb4:en 2026-07-16T06:00:00Z

French VINCI subsidiary VINCI Energies announced a voluntary public cash tender offer on 16 July 2026 for German SAP services provider All for One Group at €67.50 per share — a premium of about 105% on the volume-weighted average price. Shareholders holding 54.7% of shares have already committed to tender; closing is expected in Q4 2026. Update (12 Aug 2026): BaFin permitted publication of the offer document on 11 August 2026; the acceptance period runs from 12 August to 15 September 2026, 24:00 Frankfurt time. The offer is subject to a minimum acceptance threshold of 75% plus one share as well as customary closing conditions including the required merger clearances. All for One's management and supervisory boards support the offer. The bidder is VINCI Energies Deutschland Enterprise Solutions AcquiCo SE. Update (10 September 2026): As of 9 September 2026 VINCI Energies had secured about 83.56% of the All for One shares, exceeding the minimum acceptance threshold of 75% plus one share before the end of the acceptance period (15 September 2026); shareholders can still tender at €67.50 until the end of the additional acceptance period on 2 October 2026 (Spruchverfahren direkt, 10 September 2026). Update (18.09.2026): After the first acceptance period, VINCI Energies holds 86.74% of All for One's shares; the additional acceptance period ends on 02.10.2026 (VINCI Energies, 18.09.2026). Update (22.09.2026): The last condition of the offer was met on 17.09.2026, so the takeover offer will be completed; the final result after the additional acceptance period was still pending (goldesel.de, 22.09.2026). Update (15 Oct 2026): All for One signs a delisting agreement with VINCI Energies and supports the public delisting tender offer at €67.50 per share; VINCI holds about 87.33% of the shares after the takeover, and completion of the delisting offer is expected in December 2026 (EQS ad hoc, 15 Oct 2026). Update (14 October 2026): VINCI Energies has completed the acquisition and holds 87.33% of the shares after settlement of the offer; All for One has about 3,000 employees and generated revenue of about €500m in 2025 (VINCI Energies, 14 October 2026). — Sources: https://www.globenewswire.com/news-release/2026/07/16/3328239/0/en/VINCI-Energies-is-reinforcing-its-digital-infrastructure-services-business-by-launching-a-public-tender-offer-for-All-for-One.html · https://www.vinci-energies.de/pressemitteilung/vinci-energies-haelt-nach-ablauf-der-annahmefrist-86-74-prozent-der-aktien-von-all-for-one-weitere-annahmefrist-laeuft-bis-zum-2-oktober-2026/ · https://goldesel.de/aktien/news/all-for-one-group-vinci-ubernahme-wird-vollzogen-knunz-nimmt-24990-aktien-an · https://www.finanznachrichten.de/nachrichten-2026-10/69842511-eqs-adhoc-all-for-one-group-se-all-for-one-group-schliesst-delisting-vereinbarung-mit-vinci-energies-und-unterstuetzt-das-oeffentliche-delisting-erwerb-022.htm · https://www.globenewswire.com/news-release/2026/10/14/3380955/0/en/vinci-energies-completes-the-acquisition-of-german-company-all-for-one.html

tag:eurotrack.ai,2026:4baad49f:en 2026-07-16T06:00:00Z

Reported (first by the Financial Times, 16 July): Dassault Systèmes is in talks to buy US pharmacovigilance and clinical-trial software specialist ArisGlobal (~$200m revenue, ~1,300 employees) from Nordic Capital for about US$2bn. It would be the company's second-largest acquisition after Medidata (2019, $5.8bn); a deal is not certain. UPDATE (23 July 2026): Confirmed — Dassault Systèmes and ArisGlobal signed a definitive acquisition agreement (US$1.8bn plus up to US$200m earn-out); see the separate entry dated 23 July. — Source: https://live.euronext.com/en/financial-news/dassault-systemes-talks-buy-drug-trial-software-firm-arisglobal-ft-reports

tag:eurotrack.ai,2026:0fac4b9a:en 2026-07-16T06:00:00Z

On 16 July CrowdStrike (US) signed a definitive agreement to acquire the intellectual property of XM Cyber — a Schwarz Digits (Schwarz Group) company — including attack-path visualisation technology, more than 45 patents and source code; the two also expand their partnership for sovereign cybersecurity in Europe (STACKIT Sovereign Cloud). Financial terms were not disclosed; closing is expected in the second half of 2026, subject to regulatory approvals. Second source: Schwarz Digits. — Source: https://www.crowdstrike.com/en-us/press-releases/crowdstrike-and-schwarz-digits-expand-strategic-partnership-to-deliver-sovereign-cybersecurity-across-europe/

tag:eurotrack.ai,2026:38e271ae:en 2026-07-15T06:00:00Z

Swiss Sequotech Group (Jura, around 400 employees, founded in 2020 with backing from Verium) is acquiring Zurich-based IT services provider Tiag AG (managed services, cloud, modern workplace and VoIP for SMEs in German-speaking Switzerland). No purchase price was disclosed; management and staff stay on board. It is the group's second Zurich-area acquisition in 2026, after Zubler & Partner in the spring. — Source: https://www.netzwoche.ch/news/2026-07-15/sequotech-gruppe-uebernimmt-tiag

tag:eurotrack.ai,2026:92b609eb:en 2026-07-14T06:00:00Z

The British operator Pure DC is building an AI data centre campus in Seinäjoki: Phase 1 with 110 MW for over €1.5 bn is already fully leased, and the site can be scaled to over 550 MW and around €7.5 bn. Largest foreign investment by a British company in Finland; over 3,000 jobs during the roughly ten-year construction phase, with waste heat feeding into the district heating network. Follow-up: on 21 July 2026 Pure DC secured an additional €1.3bn of committed senior debt (SMBC, ABN AMRO, Citi, Société Générale, Natixis CIB) to accelerate phase 1 (110 MW, over €1.5bn). Follow-up (21 July 2026): Pure DC secured an additional €1.3bn in debt financing for the already fully leased Phase 1 (110 MW), arranged by SMBC, ABN AMRO, Citi, Société Générale and Natixis CIB; at full scale (550+ MW) the investment could exceed €7.5bn. Source: GlobeNewswire press release, 21 July 2026. — Source: https://theenergyst.com/british-data-centre-firm-pure-dc-signs-6-4bn-finland-deal/

tag:eurotrack.ai,2026:a4be17bc:en 2026-07-14T06:00:00Z

Kontron has officially started a new production line at its Düsseldorf site for 5G automotive modules (NADs) and industrial 5G M.2 communication modules, including for FRMCS rail applications. According to the company, the goal is to reduce dependence on non-European module manufacturers; the investment amount and job figures were not specified. Update (14 July 2026): Kontron has officially launched a new production line for 5G communication modules in Düsseldorf. (Evertiq, 14 July 2026) — Source: https://evertiq.com/news/2026-07-14-kontron-launches-production-of-5g-modules-in-dusseldorf

tag:eurotrack.ai,2026:141e5f3b:en 2026-07-14T06:00:00Z

US software provider VisualLogix (New York) acquires refyne Group, a DACH provider of integrated CAD, CAM, thermal analysis and ERP solutions for wood, metal and facade fabricators (products incl. Athena, TrunCAD, flixo, Triviso). Price undisclosed; completion status not specified in the release. Further consolidation of the European fabrication-software market. — Source: https://www.prnewswire.com/news-releases/visuallogix-strengthens-european-presence-and-engineering-software-portfolio-through-acquisition-of-refyne-group-302825392.html

tag:eurotrack.ai,2026:1ba40137:en 2026-07-08T06:00:00Z

Ardian extends its backing of Paris-based HR transformation specialist HR Path via a continuation fund of nearly $1 billion (approx. €920 million, plus €340 million of new senior financing); more than 30 international investors participate, led by Eurazeo. The target is €700 million in revenue and 5,000 employees within three years. — Source: https://www.ardian.com/news-insights/press-releases/hr-path-closes-transaction-worth-nearly-1-billion-ardian-accelerate

tag:eurotrack.ai,2026:3d2d0362:en 2026-06-30T06:00:00Z

The French electrical engineering group is acquiring 100% of the industrial AI and data software provider Cognite (over 800 employees, revenue over $170 million in 2025) and intends to integrate it into its software subsidiary AVEVA. Completion subject to approvals. — Source: https://www.cognite.com/en/company/newsroom/schneider-electric-announces-agreement-to-acquire-cognite

tag:eurotrack.ai,2026:d2fc9d03:en 2026-06-26T06:00:00Z

Indian IT services company Persistent Systems and Munich-based Nagarro SE (around 18,500 staff in more than 40 countries) signed a business combination agreement on 26.06.2026; Persistent is offering Nagarro shareholders €81 per share in cash, with a minimum acceptance threshold of 50% plus one share. The combined group would have annual revenue of about US$2.9bn and more than 46,000 employees; Persistent intends to leave existing works and collective agreements unchanged, and closing is expected in the fourth quarter of 2026 or the first quarter of 2027 (Persistent press release, 26.06.2026). Update (23.09.2026): When the acceptance period ended on 17.09.2026, 61.15% of the shares had been tendered; together with about 22.10% acquired under a purchase agreement with Lantano Beteiligungen, Persistent now holds 83.25%, and an additional acceptance period runs from 23.09. to 06.10.2026 (Business Standard, 23.09.2026). Update (12.10.2026): After the additional acceptance period ended on 06.10.2026, a total of 8,903,259 shares (about 71.94%) had been tendered; with the 22.10% from the purchase agreement, Persistent holds about 94.04%. Closing is now expected by the end of Q1 2027, subject to a few outstanding regulatory approvals; a squeeze-out of minority shareholders is planned, with details not yet decided (Entrepreneur India, 12.10.2026). — Sources: https://www.persistent.com/media/press-releases/persistent-and-nagarro-sign-business-combination-agreement-to-form-the-persistent-nagarro-group-a-global-leader-in-ai-led-digital-engineering/ · https://india.entrepreneur.com/business-news/persistent-secures-94-04-stake-in-nagarro

tag:eurotrack.ai,2026:1e6b88ae:en 2026-06-25T06:00:00Z

Oracle is cutting around 500 jobs in Romania, the second round of cuts within twelve months at one of its largest Eastern European sites (around 4,000 employees). The company attributes the cuts to the use of AI and the reallocation of resources to AI infrastructure. — Source: https://thenextweb.com/news/oracle-romania-500-layoffs-ai-restructuring

tag:eurotrack.ai,2026:bb6209bd:en 2026-06-17T06:00:00Z

Accenture is buying two subsidiaries of Italy's Engineering Group: digital-health specialist Alfahealth, with around 1,200 professionals, and Industries eXcellence Group (IndX, offices in Rome and Chicago), whose more than 650 staff implement Siemens Digital Industries software and which is to join the Accenture Siemens Business Group; no purchase price was given (Il Sole 24 Ore, 17.06.2026). Update (06.10.2026): The European Commission cleared the acquisition under the simplified procedure (case M.12528) (European Commission, Daily News, 06.10.2026). — Sources: https://en.ilsole24ore.com/art/accenture-strengthens-its-position-in-italia-with-two-acquisitions-AIxcFiiD · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_2088

tag:eurotrack.ai,2026:8db647e6:en 2026-06-09T06:00:00Z

Backfilled entry: on 9 June 2026 Saab announced the sale of its Public Safety Solutions unit to Norway's Omda to focus on core defence areas. The situational-awareness software for police, fire services, airports and transport operators moves with its staff. Omda reported closing of the acquisition on 30 October 2026; Saab does not state a price (Saab, 9 June 2026; Omda via Oslo Børs, 30 October 2026). — Sources: https://www.saab.com/newsroom/press-releases/2026/saab-to-divest-its-public-safety-solutions-operations · https://newsweb.oslobors.no/message/685208

tag:eurotrack.ai,2026:11bf0825:en 2026-06-01T06:00:00Z

The UAE sovereign wealth fund MGX is expanding the 'Campus AI' in France together with Bpifrance — a decarbonised AI infrastructure. Announced at the Choose France summit 2026 (a total of €93 bn in commitments, 71 projects). — Source: https://en.media.businessfrance.fr/news/choose-france-2026-france-confirms-its-ability-to-attract-foreign-investment-c94e6-aba4d-1.html

tag:eurotrack.ai,2026:13798b43:en 2026-06-01T06:00:00Z

The Canadian asset manager Brookfield announced $10 bn at the Choose France summit for a data centre project in the Escaudain area (northern France). — Source: https://www.france24.com/en/france/20260601-macron-eyes-billions-in-ai-investment-at-choose-france-summit

tag:eurotrack.ai,2026:c0a6e459:en 2026-05-31T06:00:00Z

SoftBank plans to build up to 5 GW of AI data centre capacity in France — the group's largest AI infrastructure investment in Europe. Phase 1 comprises €45 bn for 3.1 GW in the Hauts-de-France region. — Source: https://group.softbank/en/news/press/20260531_0

tag:eurotrack.ai,2026:05c17624:en 2026-05-22T06:00:00Z

Indian IT services firm LTM has made an offer for Randstad's technology and consulting business in France, Germany, Belgium, Luxembourg and Australia, which generates annual revenue of more than US$500m (Tribune India, 22 May 2026). Update (14 August 2026): the European Commission cleared the deal as case M.12507 (European Commission, Daily News, 14 August 2026). — Sources: https://www.tribuneindia.com/news/business/ltm-has-issued-an-offer-to-acquire-randstads-technology-and-consulting-services-business-in-europe-and-australia-to-scale-domain-driven-solutions-and-ai-services/ · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_1735

tag:eurotrack.ai,2026:decadda3:en 2026-05-07T06:00:00Z

The AI translation company is cutting around 250 jobs, about a quarter of its 1,000-strong workforce, primarily at its Cologne headquarters. CEO Kutylowski wants to reposition DeepL as an 'AI-native' organisation with fewer hierarchical levels. — Source: https://sifted.eu/articles/deepl-cuts-250-jobs

tag:eurotrack.ai,2026:b9131fe4:en 2026-04-02T06:00:00Z

A voluntary programme covering 270 jobs, around 10 percent of the UK workforce (425 jobs group-wide). The background is the fallout from the Post Office Horizon scandal and declining public-sector orders. — Source: https://www.digit.fyi/fujitsu-redundancies-affect-10-of-uk-workforce/

tag:eurotrack.ai,2026:ca547377:en 2026-02-23T06:00:00Z

Stadler and technology company Critical Software have founded the joint venture Stadler Digital Labs (STADL), in which Stadler holds the majority. The joint venture is based in Coimbra, has a branch in Lisbon and started with 100 employees; it is to grow to 300 within three years. STADL provides engineering capacity and delivers end-to-end solutions for rail software, cybersecurity and digital products; it is meant to feed into Stadler's train software, pool knowledge and reduce dependence on external consultants. The report gives no figures for capital invested or shareholdings, so the date of the report is used. (LOK Report, 23 Feb 2026) — Source: https://www.lok-report.de/news/deutschland/industrie/65347-stadler-digital-labs-fuer-mehr-digitalisierung-im-weltweiten-bahnbetrieb-gegruendet.html

tag:eurotrack.ai,2026:849106a7:en 2026-02-20T06:00:00Z

In a statement published on 20 February 2026 the EVG works group at DB Systel, the Deutsche Bahn IT subsidiary with about 7,200 employees in Frankfurt, Berlin and Erfurt, warned of unconfirmed plans to cut up to 4,000 jobs and to break up the company in whole or in part; according to the union, the company had already announced in September 2025 that it would shed 1,900 full-time posts by the end of 2029. On 25 February 2026 several hundred employees protested at the three sites, with more than 500 participants in Frankfurt, where the chair of the central works council spoke of up to 1,400 and possibly 1,900 jobs being lost. At a top-level meeting with the DB board scheduled for 11 March 2026, the union says the break-up was ruled out, while the employer announced job cuts to become more efficient; the report gives no figure (LOK Report, 20 Feb to 12 Mar 2026; second source: heise online, 19 Feb 2026). — Sources: https://www.lok-report.de/news/deutschland/verkehr/65301-evg-db-systel-als-zentraler-it-dienstleister-soll-ausgeweidet-werden.html · https://www.lok-report.de/news/deutschland/verkehr/65379-evg-protestaktionen-zu-db-systel-wer-die-it-kaputtspart-legt-die-bahn-lahm.html · https://www.lok-report.de/news/deutschland/verkehr/65446-evg-protestaktionen-wir-sind-das-herz-von-db-systel-ohne-uns-geht-nichts.html · https://www.lok-report.de/news/deutschland/verkehr/65713-evg-klare-haltung-zur-db-umstrukturierung-protestaktion-begleitet-gespraech-am-11-maerz.html · https://www.lok-report.de/news/deutschland/verkehr/65825-evg-umbauplaene-db-ag-erste-erfolge-bei-spitzengespraech-erzielt.html · https://www.heise.de/en/news/DB-Systel-Union-warns-of-wave-of-layoffs-and-dismantling-11183135.html

tag:eurotrack.ai,2026:97766802:en 2026-02-13T06:00:00Z

Bankhaus Scheich's fintech subsidiary tradias and Börse Stuttgart Digital are planning a merger to create a European crypto champion. The aim is to combine trading and custody services for digital assets. The merger is subject to approval by the regulatory authorities. Update (05.08.2026): The change-of-control review has been completed and the merger has gone through; the unit continues under the Börse Stuttgart Digital name, with tradias remaining as the trading brand (Börsen-Zeitung, 05.08.2026). — Source: https://www.wiwo.de/finanzen/boerse/tradias-und-boerse-stuttgart-digital-fusion-zum-europaeischen-krypto-champion/100200108.html

tag:eurotrack.ai,2026:2230e1d9:en 2026-01-27T06:00:00Z

Pinterest is cutting just under 15% of its jobs. The savings are to be invested in artificial intelligence (AI). Pre-tax restructuring costs: $35-45 mn. Share reaction: the stock fell by a good 3% before the start of US trading. — Source: https://www.cnbc.com/2026/01/27/pinterest-layoffs-stock-ai.html

tag:eurotrack.ai,2026:38788e1f:en 2026-01-27T06:00:00Z

Amazon is cutting up to 30,000 corporate jobs (around 10% of the corporate workforce out of a total of 1.58 mn employees). The wave of layoffs could begin as early as next week. Affected areas include Amazon Web Services (AWS), Prime Video, Retail and the HR area 'People Experience and Technology'. This would be the largest job cut in Amazon's corporate history (for comparison: in 2022 Amazon parted with around 27,000 employees). Employees affected in the previous round of layoffs remain on the payroll for a further 90 days and can reapply internally or reorient externally. Update (28 January 2026): Amazon carried out a second round affecting about 16,000 roles; together with the 14,000 cut in October that comes to about 30,000. (KTVU, 28 January 2026) — Sources: https://www.chip.de/news/business/rund-30-000-stellen-betroffen-amazon-plant-wohl-die-naechste-grosse-entlassungswelle_0c823c81-a16b-444a-8456-f4fe9fc99f48.html · https://www.ktvu.com/news/amazon-jobs-cuts-latest-round-layoffs

tag:eurotrack.ai,2026:114f5657:en 2026-01-26T06:00:00Z

Expedia Group is carrying out job cuts; affected are programme managers and engineers in the Seattle region and other locations. About a fifth of the product team's staff is affected. Reason: simplifying the structure, reducing organisational layers, agility and accountability. CEO Ariane Gorin describes AI as a 'step function' for increasing efficiency; there have already been improvements in product development, technology and customer service. Expedia had 16,500 employees at the end of 2024 across nearly 50 countries. This is part of several waves of layoffs over the past two years (2024: ~3% of the workforce, another round in 2025). — Source: http://www.geekwire.com/2026/expedia-group-lays-off-employees-in-latest-cuts-at-seattle-travel-giant

tag:eurotrack.ai,2026:4d5b7270:en 2026-01-23T06:00:00Z

Vimeo: a second wave of layoffs after the takeover by Bending Spoons (November 2025, $1.38 bn = $7.85/share). Already after the takeover: 10% of jobs cut. Specific figures for the second round are not known. Bending Spoons is known for taking radical action in takeovers (also at Evernote, Meetup, Wetransfer, Streamyard, Komoot). At Komoot: ~75% of employees dismissed. Vimeo (founded in 2004 in NYC) was publicly listed in 2021 and is now being taken private. — Source: https://www.heise.de/news/Nach-Uebernahme-durch-Bending-Spoons-Stellenabbau-bei-Vimeo-11152027.html

tag:eurotrack.ai,2026:aa70d20d:en 2025-12-29T06:00:00Z

New Work SE has announced the cutting of 260 jobs; the focus is on the Hamburg site (product development, marketing, administration). The reasons are a strategic realignment towards B2B recruiting, efficiency measures and the increased use of data-driven solutions/AI. A notable feature: there is no traditional works council but an Employee Committee — employment-law issues such as mass-redundancy notification and social selection are relevant. — Source: https://ibp-kanzlei.de/job-schock-bei-new-work-se-und-xing-260-stellen-in-hamburg-fallen-weg/

tag:eurotrack.ai,2026:d3430315:en 2025-12-25T06:00:00Z

Job cuts in the triple-digit range in the IT division Aldi DX (around 4,000 employees in total). In parallel: an increased office-attendance requirement (2 days/week), and an intensification of cooperation with the external outsourcing partner Tata Consultancy Services (TCS). Reason: cost efficiency and organisational optimisation. — Source: https://www.infranken.de/ratgeber/verbraucher/aldi-mitarbeiter-massenentlassungen-stellenabbau-it-outsourcing-aldi-sued-art-6297545