Also in August, Doosan Robotics acquired ONExia for $23 million. Doosan, a recognized robotics leader, expands its IT/OT integration capabilities through this acquisition, adding automation-heavy services that align with the increasing demand for robotics-enabled digital transformation.
In August, V2X acquired the non-core federal IT services business of QinetiQ Group for $31 million. The transaction enhances V2X’s mission-critical IT operations support capabilities, reinforcing its role as a key provider of technology services to U.S. government and defense agencies, while allowing QinetiQ to streamline its portfolio and focus on core defense priorities.
In September, Everon acquired the business-to-business segments of ADT’s multifamily business for $55 million. The acquisition strengthens Everon’s position in security systems integration and infrastructure security services, expanding its customer base and capabilities in the U.S. market.
In August, Infosys Technologies acquired Versent for $114 million. Versent provides digital transformation and IT services, and the deal strengthens Infosys’ presence in the Australian market while expanding its capabilities in enterprise cloud and infrastructure modernization.
In July, Capgemini acquired WNS for $3.5 billion at a 2.8x revenue multiple. WNS provides business process outsourcing services globally, including analytics, customer experience management, finance and accounting and GRC services. It also offers AI-based omni-channel customer engagement software. The acquisition significantly enhances Capgemini’s outsourced IT services capabilities, strengthening its position in global BPO and digital customer engagement.
In August, Bain Capital acquired HSO Group for $1 billion. HSO is a leading Microsoft-partnered digital transformation services provider with expertise in business and AI transformation, cloud and AI application integration and enterprise support. The deal underscores strong private equity interest in scalable IT services platforms, particularly those closely aligned with Microsoft’s enterprise ecosystem.
In April, KKR acquired DATAGROUP for $276 million at a 1.1x revenue multiple, adding a strong managed IT services and consulting platform in Europe to its portfolio. The cross-border deal illustrates continued consolidation in the managed services space and signals KKR’s confidence in digital infrastructure across the DACH region.
In May, Zscaler acquired Red Canary for $675 million at a 5.4x revenue multiple, making it one of the highest-valued transactions of the period. Red Canary is a leading provider of managed detection and response, security operations center capabilities and threat intelligence. The acquisition enhances Zscaler’s threat detection and response portfolio, strengthening its leadership in enterprise cybersecurity.
In March, Agilitas Private Equity acquired TietoEVRY’s Tech Services unit for $248.8 million. The carve-out creates a strong Nordic IT services platform focused on AI, cloud infrastructure and security.
Proact IT Group boosted its Azure consulting capabilities with the $20.7 million acquisition of UK-based BlakYaks at a 2.9x sales multiple. The deal supports Proact’s European growth strategy in cloud automation and DevOps.
