Each month, we review mergers and acquisitions (M&A) transactions to better understand sector dynamics. Here are the ones that caught our attention in September in Luxembourg and Belgium:
Euro-Composites, Luxembourg composite manufacturer, acquired by German group Schütz
Euro-Composites, a Luxembourg-based group active in the design and production of composite materials for aerospace, defense, and railway industries, has been acquired by the German family-owned group Schütz. The operation covers all of Euro-Composites’ activities across its sites in Echternach (Luxembourg), Bitburg (Germany), and Culpeper (Virginia, USA) and its 930 employees. Founded in 1958, the Schütz group designs and manufactures packaging solutions, composites, and energy systems and employs over 7,000 people.
AlphaOmega, Luxembourg regtech, acquired by UK-based FE fundinfo
AlphaOmega, a Luxembourg company specializing in regulatory reporting and compliance for investment managers in Europe, the UK, and Switzerland, has been acquired by its British competitor FE fundinfo. The 70 AlphaOmega employees allow FE fundinfo to double its presence in Luxembourg, which now becomes its second-largest office worldwide after the UK. FE fundinfo provides data, reporting, and information distribution solutions for the fund industry and employs over 1,000 people.
European Capital Partners, Luxembourg wealth manager, acquires its counterpart Eurinvest
European Capital Partners (ECP), Luxembourg-based asset and wealth management boutique (approximately €2 billion in assets under management), announces the acquisition of Eurinvest (€500 million in assets), also based in Luxembourg. Eurinvest specializes in serving high-net-worth individuals and families, particularly in Belgium. ECP, which has around forty employees, offers a range of funds and mandates for private and institutional investors.
Up Trace, Luxembourg identification solutions company, joins French group Barcodis
Up Trace, a Luxembourg company with around ten employees specializing in automated marking and labeling solutions, joins the Barcodis group. Based in France and generating €65 million in revenue, Barcodis, a player in traceability and automatic identification solutions, becomes the majority shareholder. The operation aligns with its expansion strategy, aiming to broaden its service offering and support the digital transformation of industrial companies in Europe and internationally.
Wooclap, Brussels edtech start-up, raises €25M from Impact Expansion
Sunrise, Namur-based healthtech scale-up, raises €25M
Sunrise, a Belgian company focused on the diagnosis and management of sleep apnea, has completed a €25 million funding round to support its international expansion. The operation notably involved Amazon, Eurazeo, Noshaq, and Wallonie Entreprendre. Founded in Namur and also present in California, the company employs around 80 people and develops a patented technology that enables at-home sleep diagnosis via an innovative sensor. With this funding, Sunrise aims to accelerate growth in its strategic markets in the US, UK, and France, targeting profitability by 2028. Since its creation in 2015, the company has already raised over €50 million.
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Sources: Paperjam, L’Echo, S&P Capital IQ Pro
