Article contributed by Callum Turcan, Corum Group
M&A activity in the IoT sector is robust. In the first half of 2025 alone, we saw 136 transactions. If that pace continues, deal volumes in 2025 will exceed the 238 transactions completed in 2024 and would indicate a return to more normalized level of deal volume.
What does this healthy pace of M&A dealmaking in the IoT sector mean?
There are a lot of serious buyers willing and able to pay good valuations, often at favorable terms, for these companies. Let's break down the six trends driving M&A activity in the IoT sector this year including agriculture applications, remote patient monitoring, advanced analytics, AIoT, energy consumption monitoring and industrial IoT.
Starting with our first trend, agricultural applications. IoT is transforming agriculture—think real-time analysis of soil moisture, crop conditions and weather patterns and automating activities like irrigation. Illustrating this trend, NEERX, whose ISRO-validated soil sensor delivers vital data on soil and crop conditions, was picked up by DeHaat in June to offer farmers real-time insights to improve agricultural decision-making processes.
Pivoting to our second trend, remote patient monitoring. The healthcare industry is facing a major dilemma – how to care for a growing number of patients with limited resources while maintaining a high quality of care. The solution? Remote patient monitoring. Highlighting this trend, Aluna, a specialist in intelligent remote monitoring and management of respiratory diseases, was acquired in May by Huma as part of their strategy to build a comprehensive digital ecosystem supporting health systems, pharmaceutical companies, CROs, and patients worldwide.
Moving on to our third trend, advanced analytics. Connected devices generated treasure troves of data that can be mined and tools are needed to support the collection and flow of data along with offerings to make sense of that information. Showcasing this trend, Virtual Facility, a cloud platform that ingests data from disparate building automation, IoT, and other control systems was sold off to TMA Systems in April to give maintenance teams clearer visibility into the performance of critical infrastructure.
Shifting to our fourth trend, AIoT. AI is giving IoT the smarts to respond instantly to conditions—like adjusting lighting based on occupancy and sunlight. Illustrating this trend, SoftEye, a developer of AI-powered custom chips, cameras, software and algorithms for use in smart glasses, was bought by TDK in June to support its contribution to the AI ecosystem.
Our fifth trend is energy consumption monitoring. Knowing exactly how and when you use energy can save serious money—and the planet. Highlighting this trend, iQspot, a SaaS platform developer and expert in real-time energy monitoring and partner to real estate companies and investors, was sold to Citron in June to build Europe’s leading provider of energy performance solutions for real estate.
Lastly, our sixth trend is industrial IoT. Sensors empower asset-intensive companies – like utilities and construction industries – to gather data that was previously difficult to obtain, such as inside machinery, enabling preventive maintenance. Illustrating this trend, Aquitas Solutions, an EAM and IoT solutions provider for asset-intensive industries was picked up in April by Total Resource Management to cements TRM’s position as a dominant force in the EAM landscape.
Buyers are sitting on trillions of dollars that they must deploy and are eager to grow their exposure in the IoT sector and its booming potential. There are an enormous number of opportunities being created by the IoT sector, from the tools that enable the flow of such vast amounts of data to the actionable insights that it creates, everyone wants in.
