Top mergers and acquisitions in February 2026
Every verified merger and acquisition in this period, ranked by disclosed value. Updated every morning.
We tracked 97 deals in February 2026, 76 of them with a disclosed value, worth $202.1bn in total. The largest was Devon Energy Corporation's $21.4bn deal for Coterra Energy Inc., ahead of ENGIE SA and UK Power Networks at $14.2bn.
Top mergers and acquisitions in February 2026
- 12 FebDevon Energy Corporation → Coterra Energy Inc.Devon and Coterra agree all-stock shale mergerEnergy / Oil and gas exploration and productionCompleted$21.4bn
- 225 FebENGIE SA → UK Power NetworksEngie agrees £10.5bn deal for UK Power NetworksEnergy / Electricity distributionCompleted$14.2bn
- 312 FebNuveen, LLC → Schroders plcNuveen agrees £9.9bn takeover of SchrodersFinancials / Asset managementCompleted$13.5bn
- 43 FebBanco Santander, S.A. → Webster Financial CorporationSantander agrees US$12.3bn deal for Webster FinancialFinancials / BankingCompleted$12.3bn
- 54 FebKKR and Singtel → ST Telemedia Global Data Centres (STT GDC)KKR and Singtel agree S$13.8bn deal for full control of STT GDCTechnology / Data centresCompleted$10.9bn
- 617 FebDanaher Corporation → Masimo CorporationDanaher agrees US$9.9bn deal for MasimoHealthcare / Medical devicesCompleted$9.9bn
- 79 FebAdvent International, FedEx, A&R and PPF consortium → InPost S.A.Advent and FedEx lead €7.8bn take-private of InPostTransport / Parcel lockers and logisticsCompleted$9.2bn
- 816 FebMacquarie Asset Management-led consortium → Qube Holdings LimitedMacquarie-led consortium agrees A$11.7bn take-private of QubeTransport / Ports and logisticsCompleted$8.3bn
- 923 FebGilead Sciences, Inc. → Arcellx, Inc.Gilead agrees US$7.8bn deal for ArcellxHealthcare / BiotechCompleted$7.8bn
- 104 FebTexas Instruments Incorporated → Silicon Laboratories Inc.Texas Instruments agrees US$7.5bn deal for Silicon LabsTechnology / SemiconductorsIn review$7.5bn
- 1112 FebBlackstone Infrastructure and EQT Infrastructure VI → UrbaserBlackstone and EQT agree $6.6bn deal for UrbaserIndustrials / Waste managementCompleted$6.6bn
- 1226 FebThe Brink's Company → NCR Atleos CorporationBrink's agrees US$6.6bn deal for NCR AtleosFinancials / Payments infrastructureIn review$6.6bn
- 139 FebTransocean Ltd. → Valaris LimitedTransocean agrees US$5.8bn all-stock deal for ValarisEnergy / Offshore drillingIn review$5.8bn
- 1416 FebHapag-Lloyd AG → ZIM Integrated Shipping Services Ltd.Hapag-Lloyd agrees US$4.2bn takeover of Israel's ZIMTransport / Container shippingIn review$4.2bn
- 1527 FebCPP Investments and Equinix → atNorthCPP Investments and Equinix agree $4bn deal for atNorthTechnology / Data centresCompleted$4bn
- 169 FebNatWest Group plc → Evelyn PartnersNatWest agrees £2.7bn deal for Evelyn PartnersFinancials / Wealth managementCompleted$3.7bn
- 1718 FebCovetrus, Inc. → MWI Animal Health (Cencora)Covetrus agrees US$3.5bn merger with Cencora's MWI Animal HealthHealthcare / Animal health distributionIn review$3.5bn
- 1812 FebCPP Investments and I Squared Capital continuation vehicle → Inkia EnergyCPP Investments agrees $3.4bn Peru power deal with I SquaredEnergy / Power generationCompleted$3.4bn
- 192 FebEldorado Gold Corporation → Foran Mining CorporationEldorado Gold agrees C$3.8bn deal for Foran MiningMining / Copper and goldCompleted$2.8bn
- 2018 Febnexfibre → Substantial Group (Netomnia)nexfibre agrees £2bn deal for Netomnia owner Substantial GroupTelecom / Fibre broadbandIn review$2.7bn
- 219 FebCVC Capital Partners → dsm-firmenich Animal Nutrition & HealthCVC agrees €2.2bn carve-out of dsm-firmenich animal nutrition armChemicals / Animal nutritionAgreed$2.6bn
- 2217 FebBlackstone (BXPE) → Champions GroupBlackstone agrees deal for home services group ChampionsConsumer / Home servicesAgreed$2.5bn
- 234 FebHenkel AG & Co. KGaA → Stahl GroupHenkel agrees €2.1bn deal for coatings maker StahlChemicals / Specialty coatingsCompleted$2.5bn
- 249 FebEli Lilly and Company → Orna Therapeutics, Inc.Lilly agrees up to US$2.4bn deal for Orna TherapeuticsHealthcare / BiotechCompleted$2.4bn
- 2511 FebQXO, Inc. → Kodiak Building PartnersQXO agrees US$2.25bn deal for Kodiak Building PartnersIndustrials / Building products distributionCompleted$2.3bn
- 2617 FebMTN Group Limited → IHS Holding Limited (IHS Towers)MTN agrees US$2.2bn deal to take full control of IHS TowersTelecom / Tower infrastructureIn review$2.2bn
- 2724 FebCECO Environmental Corp. → Thermon Group Holdings, Inc.CECO Environmental agrees US$2.2bn deal for ThermonIndustrials / Industrial process heatingCompleted$2.2bn
- 2817 FebPortland General Electric Company → PacifiCorp (Washington utility operations)Portland General agrees US$1.9bn deal for PacifiCorp's Washington utilityEnergy / Electric utilitiesIn review$1.9bn
- 294 FebKKR & Co. Inc. → Arctos PartnersKKR agrees $1.4bn deal for sports investor ArctosFinancials / Asset managementCompleted$1.4bn
- 3011 FebDeutsche Börse AG → ISS STOXX (20% stake held by General Atlantic)Deutsche Börse buys out General Atlantic in ISS STOXX for €1.1bnFinancials / Index and data providerAgreed$1.3bn
- 315 FebBain Capital (BCPE Meta Cayman, L.P.) → MCJ Co., Ltd.Bain Capital backs ¥200bn buyout of MouseComputer parent MCJTechnology / PC manufacturingCompleted$1.3bn
- 322 FebBain Capital → FineToday Holdings Co., Ltd.Bain Capital agrees to buy FineToday from CVCConsumer / Personal careCompleted$1.3bn
- 332 FebBrookfield Asset Management → Peakstone Realty TrustBrookfield agrees $1.2bn take-private of Peakstone RealtyReal estate / Industrial REITCompleted$1.2bn
- 344 FebHeidelberg Materials Australia → Maas Group Holdings – Construction Materials divisionHeidelberg Materials agrees A$1.7bn deal for Maas quarries businessMaterials / Aggregates and concreteCompleted$1.2bn
- 3518 FebeBay Inc. → DepopeBay agrees US$1.2bn deal for DepopConsumer / Online fashion resaleCompleted$1.2bn
- 3618 FebLiberty Global Ltd. → VodafoneZiggo (Vodafone's 50% stake)Liberty Global takes full control of VodafoneZiggoTelecom / Cable and mobileCompleted$1.2bn
- 3724 FebGuangdong HEC Technology Holding (Dongyangguang) → Chindata (China business, via Dongshu No.1)Dongyangguang moves to take full control of Chindata in CNY8bn share dealTechnology / Data centresIn review$1.2bn
- 3823 FebKinderhook Industries → Enhabit, Inc.Kinderhook agrees $1.1bn take-private of EnhabitHealthcare / Home health and hospiceCompleted$1.1bn
- 3921 FebEnel S.p.A. (Enel Green Power North America) → Excelsior Energy Capital US wind and solar portfolio (830MW)Enel agrees US$1bn deal for Excelsior's US wind and solar plantsEnergy / Renewable powerIn review$1bn
- 4025 FebGSK plc → 35Pharma Inc.GSK agrees US$950m deal for 35PharmaHealthcare / BiotechCompleted$950m
- 4126 FebAsahi Kasei Corporation → AiCuris Anti-infective Cures AGAsahi Kasei agrees €780m deal for AiCurisHealthcare / BiotechCompleted$920m
- 4219 FebITOCHU Corporation → Hitachi Construction Machinery (13% stake)ITOCHU lifts Hitachi Construction Machinery stake to 33.4% in ¥134bn buyout of JIPIndustrials / Construction machineryCompleted$866m
- 432 FebDonaldson Company, Inc. → Facet Filtration (Filtration Group)Donaldson agrees US$820m deal for Facet FiltrationIndustrials / FiltrationCompleted$820m
- 445 FebMeituan → Dingdong (China business)Meituan agrees US$717m deal for Dingdong's China grocery businessConsumer / Online groceryIn review$717m
- 453 FebColliers International Group Inc. → Ayesa Engineering S.A.U.Colliers agrees US$700m deal for Ayesa EngineeringIndustrials / Engineering servicesCompleted$700m
- 462 FebAura Consolidated Group → Qoria LimitedAura agrees A$972m all-share deal for Australia's QoriaTechnology / Online safety softwareCompleted$680m
- 475 FebKodiak Gas Services, Inc. → Distributed Power Solutions, LLCKodiak Gas agrees US$675m deal for Distributed Power SolutionsEnergy / Distributed power generationCompleted$675m
- 483 FebInfineon Technologies AG → ams OSRAM non-optical analog/mixed-signal sensor businessInfineon agrees €570m deal for ams OSRAM sensor businessTechnology / SemiconductorsCompleted$670m
- 4925 FebITOCHU Corporation → ITOCHU-SHOKUHIN Co., Ltd.ITOCHU bids ¥78bn to take food wholesaler ITOCHU-SHOKUHIN privateConsumer / Food and drinks wholesaleCompleted$500m
- 5016 FebGenesis Minerals Limited → Magnetic Resources NLGenesis Minerals agrees A$639m deal for Magnetic ResourcesMining / GoldCompleted$450m
- 513 FebThe Marzetti Company → Bachan's, Inc.Marzetti agrees US$400m deal for Bachan'sConsumer / Packaged foodCompleted$400m
- 5213 FebTakara Holdings Inc. → Takara Bio Inc.Takara Holdings bids ¥54bn to take Takara Bio privateHealthcare / Life science toolsCompleted$353m
- 5317 FebPalo Alto Networks, Inc. → Koi Security Ltd.Palo Alto Networks agrees US$300m deal for Israel's KoiTechnology / CybersecurityCompleted$300m
- 5413 FebBain Capital (BCJ-102) → INFORICH Inc.Bain Capital backs management buyout of ChargeSPOT owner INFORICHConsumer / Mobile battery sharingCompleted$280m
- 5511 FebPennyMac Financial Services, Inc. → Cenlar Capital Corporation (subservicing business)Pennymac agrees deal for Cenlar's subservicing businessFinancials / Mortgage servicingAgreed$258m
- 5625 FebVerdane (Frontier Bidco) → Augmentum Fintech plcVerdane agrees £185.7m takeover of Augmentum FintechFinancials / Investment trustCompleted$250m
- 5710 FebRezolve AI plc → Reward Loyalty UK LimitedRezolve AI buys Reward in US$230m cash dealTechnology / Loyalty and commerce softwareCompleted$230m
- 584 FebBrother Industries, Ltd. → MUTOH Holdings Co., Ltd.Brother agrees ¥35bn takeover of printer maker MUTOHTechnology / Printing equipmentCompleted$223m
- 5925 FebITOCHU Corporation → Sun Frontier Fudousan Co., Ltd. (20.05% stake)ITOCHU takes 20% of Sun Frontier in ¥32bn renovation pushReal estate / Office renovationCompleted$204m
- 604 FebYokogawa Bridge Holdings Corp. → Br. Holdings CorporationYokogawa Bridge agrees ¥24bn takeover of Br. HoldingsIndustrials / Bridge constructionCompleted$154m
- 6112 FebKohnan Shoji Co., Ltd. → Arenza Holdings Co., Ltd. (minority stake)Kohnan Shoji bids ¥22bn for stake in home-centre rival ArenzaConsumer / Home improvement retailCompleted$142m
- 6216 FebOptima Health plc → PAM Healthcare LimitedOptima Health agrees £100m deal for PAM HealthcareHealthcare / Occupational healthCompleted$136m
- 6318 FebOrganigram Global Inc. → Sanity Group GmbHOrganigram agrees €113m deal for Sanity GroupHealthcare / Medical cannabisCompleted$134m
- 649 FebUTG Brands Management Group → Playboy China joint venture (50%)Playboy sells half of China business to UTG in US$122m dealConsumer / Brand licensingAgreed$122m
- 6513 FebAlkem Laboratories Ltd (Alkem MedTech) → Occlutech Holding AG (majority stake)Alkem buys majority of Swiss heart-implant maker Occlutech for €99.4mHealthcare / Medical devicesCompleted$118m
- 6618 FebSuperloop Limited → Lynham Networks Pty Ltd (Lightning Broadband)Superloop agrees A$165m deal for Lightning BroadbandTelecom / Fibre broadbandCompleted$117m
- 6712 FebAdmiral Group plc → FlockAdmiral agrees £80m deal for fleet insurer FlockFinancials / InsuranceCompleted$109m
- 6813 FebMirae Asset Consulting → KorbitMirae Asset agrees ₩133.5bn deal for crypto exchange KorbitFinancials / Crypto exchangeCompleted$92m
- 6912 FebHindustan Unilever Ltd → Zywie Ventures (OZiva)Hindustan Unilever takes full control of OZiva for ₹824 croreConsumer / Nutrition and wellnessCompleted$91m
- 7016 FebJollibee Foods Corporation (via Jolli-K) → All Day Fresh (Shabu All Day)Jollibee agrees US$87m deal for Korea's Shabu All DayConsumer / RestaurantsCompleted$87m
- 7111 FebAussie Broadband Limited → AGL Energy – telecommunications business (AGL Telco)Aussie Broadband agrees A$115m share deal for AGL's telco armTelecom / Broadband and mobileCompleted$82m
- 729 FebGravita India Ltd → Rashtriya Metal Industries LtdGravita India buys copper maker Rashtriya Metal for up to ₹565 croreMaterials / Copper and copper alloysCompleted$62m
- 7318 FebDr. Reddy's Laboratories Ltd → Progynova and Cyclo-Progynova India brands (Mercury Pharma Group)Dr. Reddy's enters hormone therapy with $32m Progynova purchaseHealthcare / PharmaceuticalsCompleted$32m
- 749 FebMarico Ltd → Skinetiq JSCMarico buys 75% of Vietnamese skincare group SkinetiqConsumer / Beauty and personal careCompleted$29m
- 7527 FebBG Container Glass PCL → Bangkok Can Manufacturing Co., Ltd. (25.9%)BG Container Glass takes control of Bangkok Can from Toyo SeikanMaterials / Metal packagingCompleted$25m
- 7616 FebBLS E-Services Ltd → Atyati Technologies Pvt LtdBLS E-Services buys rural-banking platform Atyati for ₹154 croreFinancials / Banking technologyCompleted$17m
- 772 FebSpace Exploration Technologies Corp. (SpaceX) → X.AI Holdings Corp. (xAI)SpaceX buys xAI in record US$250bn share dealTechnology / Artificial intelligenceCompletedUndisclosed
- 783 FebLittlejohn & Co. → 80/20Littlejohn buys modular framing maker 80/20 from MPEIndustrials / Modular framing systemsCompletedUndisclosed
- 795 FebKanadevia Corporation → Nippon Steel Engineering Co., Ltd.Kanadevia and Nippon Steel Engineering call off merger talksIndustrials / Environmental engineeringTerminatedUndisclosed
- 806 FebSalzgitter AG → Hüttenwerke Krupp Mannesmann (HKM)Salzgitter agrees to take full control of HKM steelworksMaterials / SteelCompletedUndisclosed
- 816 FebRoyal A-ware → Global Dairy VenturesRoyal A-ware buys cheese distributor Global Dairy VenturesConsumer / Dairy distributionAgreedUndisclosed
- 829 FebBAE Systems plc (BAE Systems Bofors) → Aston Harald Mekaniska Verkstad ABBAE Systems Bofors buys Swedish machining supplier Aston HaraldIndustrials / Defence supply chainCompletedUndisclosed
- 8312 FebSeismic Software, Inc. → Highspot, Inc.Seismic agrees to merge with sales enablement rival HighspotTechnology / Sales enablement softwareCompletedUndisclosed
- 8413 FebCerealis → Cerealto pasta business (Venta de Baños plant)Cerealis buys Cerealto's Spanish pasta businessConsumer / Packaged foodAgreedUndisclosed
- 8513 FebJohn Laing Group → American RoadsJohn Laing agrees to buy American Roads from CVC DIFTransport / Toll roadsAgreedUndisclosed
- 8613 FebMutares SE & Co. KGaA → Hamberger Industriewerke flooring business (HARO)Mutares agrees carve-out of HARO flooring from HambergerConsumer / FlooringCompletedUndisclosed
- 8717 FebOrkla Food Ingredients → SennaOrkla Food Ingredients agrees to buy Austria's SennaConsumer / Food ingredientsAgreedUndisclosed
- 8818 FebBayPine → Relation Insurance ServicesBayPine agrees to buy insurance broker Relation from AquilineFinancials / Insurance brokerageCompletedUndisclosed
- 8923 FebExperian plc → AtDataExperian buys email intelligence firm AtDataTechnology / Data and identityCompletedUndisclosed
- 9024 FebWienerberger AG → Italcer GroupWienerberger takes control of Italian tile maker ItalcerMaterials / Ceramic tilesCompletedUndisclosed
- 9124 FebEPC Groupe → SSE Group civil explosives and drilling & blasting businessesEPC and SSE call off civil explosives combinationChemicals / Civil explosivesTerminatedUndisclosed
- 9225 FebFIBRA Prologis → FIBRA Macquarie MéxicoFIBRA Prologis bids for FIBRA Macquarie in Mexican logistics pushReal estate / Industrial REITTerminatedUndisclosed
- 9325 FebHaworth Inc. → TaycoHaworth takes majority stake in Toronto furniture maker TaycoIndustrials / Office furnitureCompletedUndisclosed
- 9425 FebJX Advanced Metals Corporation → Toho Titanium Co., Ltd.JX Advanced Metals to absorb Toho Titanium in share swapMaterials / Titanium and specialty metalsCompletedUndisclosed
- 9525 FebOne River Asset Management → LGT Capital Partners Quantitative Investment Solutions unitOne River agrees to buy LGT Capital Partners' quant unitFinancials / Asset managementAgreedUndisclosed
- 9626 FebArthur J. Gallagher & Co. → Krose GmbH & Co KGGallagher buys Bremen industrial broker KroseFinancials / Insurance brokingCompletedUndisclosed
- 9727 FebMitsubishi Heavy Industries Compressor Corporation → AST Turbo AGMitsubishi Heavy Industries buys Swiss turbine service firm AST TurboIndustrials / Industrial servicesCompletedUndisclosed