Mega Deals

GreenSquareDC was acquired by Partners Group

Announced: March 2025 Deal Value: $756M

Australia-based data center provider GreenSquareDC was sold to Switzerland based Partners Group in March 2025 for $756M to convert the company into a next-generation data center platform.

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Micromine was purchased by The Weir Group

Announced: February 2025 Deal Value: $824.5M

Australia-based mining software provider Micromine was acquired by The Weir Group, which is headquartered in United Kingdom, in February 2025 for $824.5M to enable smart, efficient and sustainable mining activities.

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Key Transactions

Medtech Global Limited was bought by Banyan Software

Announced: February 2025

In March, patient management provider Medtech Global Limited, which is headquartered in New Zealand, was acquired by the Private Equity company Banyan Software for an undisclosed value to strengthen support for medical practices.

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Australian Settlements Limited was pocketed by Banking Circle

Announced: January 2025

In January, Australian payments solutions provider Australian Settlements Limited secured a growth investment by Luxembourg banking services provider Banking Circle for an undisclosed value to build a global hub for real-time and settlement for all major currencies and accelerate its push into Australia.

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Dropsuite Limited was rolled up by NinjaOne

Announced: January 2025 Deal Value: $262M

In January, data backup, recovery and protection software company Dropsuite Limited, which is based in Australia, was acquired by the remote monitoring and management software provider NinjaOne for $262M at 9.3 times revenue. This acquisition will help IT and MSP organizations protect against the impact of catastrophic events such as ransomware attacks.

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Growth and Exit Consulting

If you are aiming to learn about the key deals and valuations for tech companies in Australia and New Zealand, then you’ve come to the right place. With our report, you’ll get valuable information that will inform the future of your company and educate yourself on the current trends in the market.