June 2025 has been a particularly dynamic month for technology transactions in Spain. With more than 30 deals announced in the tech vertical alone and a notable volume in sectors such as AI, legaltech, cybersecurity, and specialized software, the ecosystem has demonstrated growing maturity in terms of innovation and attractiveness to strategic buyers and international investors. Below, we analyze the most relevant movements, the strategic objectives behind each transaction, and the value contributed by the targets.
Most significant M&A transactions in June 2025
AI and software as drivers of deal flow
Several acquisitions revolved around the development of artificial intelligence-based technologies:
- Nuclia, acquired by the US company Progress Software, develops an API to create AI-based semantic search engines. The operation seeks to strengthen the intelligent and contextual search capabilities of unstructured data, aligning itself with the growing interest in low-code/no-code solutions for knowledge management.
- Hubtype, bought by Aries Global (UK), offers a conversational AI solution that improves customer service on channels such as WhatsApp and Messenger. This acquisition reinforces the trend toward customer experience automation and operational efficiency.
- Tether, with an energy prediction engine for electric vehicle charging, raised €1.3 million led by Draper B1 and KFund. It represents a clear commitment to applying AI in the energy transition.
In conclusion, we can deduce that buyers are looking to incorporate AI as core in their products, whether to strengthen existing capabilities (Nuclia) or to expand into new verticals (Hubtype).
Legaltech and compliance: consolidation and global scale
The deal of the month, both in terms of amount and strategic impact, was the acquisition of vLex by the Canadian Clio, valued at €1 billion. vLex provides access to legislation, case law, and doctrine in more than 100 jurisdictions.
The deal consolidates one of the most ambitious platforms in the global legaltech field, where the combination of structured content and search technology is a differentiating factor.
Another notable transaction was the round of IcloudCompliance, specializing in regulatory compliance, which raised €2 million with participation from HWK Techinvestment. Growing regulatory pressure and the need for technological traceability explain the appeal of this type of solution.
Security, chips, and technological sovereignty
Digital security and the promotion of Spanish technological sovereignty have also been the focus of several operations:
- Quantix Edge Security, dedicated to cybersecurity chips, received €19.6 million in investment from SETT, the Spanish government fund. They will be used to open a new cybersecurity center in Murcia.
- Sparc, specializing in photonic semiconductors, received €17.2 million in a round led by Indra and SETT, consolidating the creation of a strategic national player in advanced microelectronics.
These operations show how Spain is using public investment and collaboration with large companies to position itself in key sectors of digital security and high-precision electronics, anticipating a more resilient value chain.
Vertical specialization: e-commerce, healthcare, and education
The transactions also reflect sophistication in terms of specific software for specific sectors:
- BigBuy, which specializes in e-commerce logistics, received investment from the British fund Kaazar Capital. This movement seeks to capitalize on the rise of dropshipping and european marketplaces
- Neki, acquired by Savefamily Group, manufactures GPS devices for children and the elderly. With this purchase, Savefamily strengthens its position in consumer technology for health and safety after being acquired by ABE Capital in a transaction advised by Baker Tilly.
- Student Traffic Network, cuyos activos fueron adquiridos por StudiesIn Technologies, shows interest in platforms geared toward international student mobility, in an environment where educational platforms are gaining traction.
Buy & build national and international expansion
June also saw multiple integration operations in domestic markets, driving inorganic growth strategies:
- Playtomic acquired 80% of TIMP, strengthening its presence as a SaaS provider for sports facilities beyond padel and tennis.
- t2ó ONE, a digital marketing agency, bought 51% of Fly Me to the Moon, strengthening its creative portfolio. Baker Tilly advised Fly Me to the Moon in its sale to achieve success in the transaction.
- CTAIMA Group acquired the French Provigis, in a clear move towards internationalization in supply chain risk management software.
- Prensamedia acquired Grupo Nexo, a media outlet specializing in tourism, in a transaction aimed at consolidating sector-specific media outlets.
Inorganic growth is a tactic based on growing by acquiring companies that are aligned with the purchasing company's strategy. We explain the keys to successful acquisitions for small and medium-sized companies in our Masterclass: “Growing through acquisitions”.
The Spanish market continues to show dynamism in domestic operations stagnating in operational synergies, while ambitious firms such as CTAIMA are already projecting their software beyond our borders.
Conclusions from the most significant M&A transactions in June
- There has been more than 30 deals in the tech sector, with a strong focus on AI, legal software, cybersecurity, and vertical niches.
- There has been a relevant participation of international buyers (Clio, Aries Global, Kaazar) and national public funds (SETT).
- The deal most relevant was the one vLex – Clio (€1 billion), positioning Spain as a global provider of digital legal content.
- Verticalization: Interest in specialized software for specific industries (legal, healthcare, energy, mobility, education) confirms the underlying thesis: The future of tech M&A lies in specialization and scalability..
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