There were 89 M&A deals in H1 2025, a 19% increase from the previous year, with private equity buyers staying on the frontlines of market activity as being involved in 24 deals. Companies with promising tech and bright growth outlooks attract buyers, driving consolidation as bigger players acquire to innovate and grow market share.

Total reported M&A value stood at $2.9B for the first six months of 2025, with only 8% of deals disclosing financial terms. This suggests buyer caution around confidentiality and strategic intent as it concerns their M&A strategies.

After peaking in 2021, VC funding for Smart Logistics companies has declined considerably and that continued into the first six months of 2025. Deal volumes have also fallen substantially as well. The median VC funding size was $6 million, well below the $115 million median disclosed M&A deal value, which along with declining VC funding levels has encouraged companies to instead pursue M&A strategies for growth and liquidity. 

WiseTech Global secured the top position on the Smart Logistics leaderboard for the first half of 2025 with 3 acquisitions. Strategic firms Descartes, Argano, Crisp, and financial holdings Banyan Software and Triumph Financial followed with 2 deals each.