Advanced nondestructive testing inspection equipment and software provider Eddyfi Technologies was acquired by ESAB for $1.45 billion to strengthen its position in high-growth industrial inspection markets.
During Q1 2026, the largest deal in the IoT space was valued at $9.6B, as Masimo, a patient monitoring systems provider, was bought by life sciences company Danaher to enhance its capabilities in the acute care space.
Uptake, a US-based developer of AI-driven predictive maintenance system for fleets, was picked up by Bosch to accelerate its capabilities in the mobility sector.
In France, IoT-based smart building software provider Kuzzle was bought by Private Equity firm Agora Makers to expand its industrial tech portfolio.
In March, Somatix, an AI-powered remote patient monitoring device operator based in the US, was picked up by Canadian smartwatch company Vitalist for $4.8M to enhance its medical wearable capabilities.
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