WorkTech M&A Highlights February 2026
From the SAATKORN cooperation with Jens Bender (WorkTech Advisory) here are the WorkTech M&A Highlights February 2026. February’s deals landed against a backdrop of intense debate about AI’s impact on SaaS business models — yet consolidation rolled on, with payroll, workforce management, talent acquisition, and benefits again leading the charge. Structural drivers remain familiar: buy-and-build strategies backed by PE, suite expansion into adjacent HR segments, and cross-border market access — particularly ahead of upcoming EU Pay Transparency legislation.
Here’s a look at the standout February deals:
- Veremark (UK) acquired Risk Management Intelligence (SG), strengthening background screening capabilities across Asia-Pacific
- VEDA GmbH (DE) acquired LOHNunion (DE), advancing its buy-and-build strategy in payroll software and services
- Totalmobile (UK) and Solvares Group (DE) merged, creating an international leader in field service and workforce optimisation
- SD Worx (BE) acquired Paie & RH Solutions (FR) and invested in Yeap (FR), deepening its French SME and midmarket payroll footprint
- TMA the Talent Method (NL) acquired Styr (NL), adding reward management ahead of EU Pay Transparency (effective Jan 2027)
- EG A/S (DK) acquired Edlevo and HR & Payroll (Primula/eCompanion) from Tieto, expanding in Nordic public sector EdTech and HR
- Vivecti Group (DE) acquired InSitu Software (DE), bolstering digital workforce management in healthcare
- sofatutor (DE) acquired SchoolMouv (FR), combining two curriculum-aligned EdTech platforms across DACH and France
- Hrmony (DE) acquired HelloBonnie (DE), expanding its multi-benefit provider position in the German market
Also notable in HR services & #staffing: RGH-Global (UK) acquired Kelaca (US), marking its first strategic move into the Americas
Global highlights:
- ServiceNow (US) announced acquisition of Pyramid Analytics, adding unified AI-powered business analytics
- Phenom (US) acquired Be Applied (UK), powering skills-first hiring at enterprise scale
Congrats to Daniel Callaghan, Ivan Bagaric, Kobe Verdonck, Dr. Ralf Graessler, Glenn Frijde, Mikkel Bardram, Stephan Bayer, Dennis Ortmann, Maximilian Roskosch, Mahe Bayireddi, Bill McDermott and all founders, teams, and investors involved!