As of the first three quarters of 2025, the Smart Logistics sector had recorded 138 Tech M&A deals, on track to substantially exceed the 10-year high of 145 deals achieved in both 2023 and 2024. Strategic buyers continue to drive most of the activity, while Private Equity accounts for 31% of all deals, maintaining a steady contribution to the overall volume.

As of the end of Q3 2025, total disclosed M&A value in the Smart Logistics sector stood at approximately $3.2 billion, however, only about 9% of transactions have reported deal values, meaning the figure largely understates actual market activity.

After peaking in 2021, VC funding for Smart Logistics has declined, continuing through Q3 2025. Low funding makes tech-focused startups attractive targets, driving M&A as larger firms seek innovation and market expansion.

Through September 2025, tech giants Wisetech Global and Descartes shared the top position on the Smart Logistics leaderboard, having acquired 3 companies each. They are followed by strategic firms Argano, Crisp, Sedna, Syspro and Beroe, and financial companies Omegro and Triumph Financial which all made 2 transactions during this period, as did buy-and-hold company Banyan Software.