Today’s M&A deals include announcements on Bending Spoons, Delta Electronics, Apiphani, Tradeoff Software, Noda RF Technologies, GPT Industries, Integrated Rectifier Technologies, among others.
Delta Electronics increases stake in Noda RF Technologies
Delta Electronics has purchased the remaining majority stake in Japan-based Noda RF Technologies at an enterprise value of $37 million, paying $33 million for the deal. The purpose is to strengthen Delta’s position in semiconductor manufacturing equipment through advanced RF power supply systems. Strategically, this acquisition secures key intellectual property in RF plasma generation and enhances Delta’s product range for semiconductor and display fabrication markets. Technology-wise, Noda’s innovation in precision RF power control and high-frequency conversion supports Delta’s sustainability-driven automation portfolio. The deal marks Delta’s deepening commitment to high-value industrial electronics and precision manufacturing.
GPT Industries Acquires Integrated Rectifier Technologies
GPT Industries, a portfolio company of Branford Castle Partners, has acquired Integrated Rectifier Technologies (IRT), a U.S. manufacturer of transformer-rectifier units and power conversion equipment. The purpose is to expand GPT’s industrial electrical component line and serve growing aerospace, energy, and infrastructure markets. Strategically, it complements GPT’s engineered sealing and insulation systems business. Technologically, IRT’s innovation in high-efficiency rectifier design enhances power reliability and energy conversion capabilities. The deal underscores Branford Castle’s focus on acquiring niche industrial technology leaders with strong engineering IP. Deal size was not disclosed but aligns with GPT’s industrial diversification strategy.
Bending Spoons Acquires AOL
Italian tech innovator Bending Spoons has announced the acquisition of AOL from Yahoo in a deal reportedly valued between US$1.4–1.5 billion. The move signals Bending Spoons’ ambition to revive one of the internet’s most iconic brands under modern digital stewardship. The purpose is to leverage AOL’s vast user base and established brand recognition to expand Bending Spoons’ ecosystem of subscription-based and ad-monetized platforms. Strategically, the acquisition supports growth in consumer internet services by modernizing legacy content and reintroducing AOL through app-based experiences. The deal combines AOL’s heritage with Bending Spoons’ technological innovation and growth-oriented model.
Apiphani Acquires Tradeoff Software
AI-native IT services firm Apiphani has acquired Tradeoff Software, a specialist in AI-powered infrastructure and large language model (LLM) applications for enterprises. The purpose of the deal is to reinforce Apiphani’s internal product and engineering capabilities, especially for its flagship “luumen” platform — focused on automation, observability, and agentic enterprise workloads. Strategically, Tradeoff’s integration will accelerate innovation in enterprise-grade AI infrastructure services. Technologically, the merger brings Tradeoff’s AI-driven infrastructure tooling and intelligent applications into Apiphani’s automation stack. This acquisition marks a significant step toward building adaptive, AI-enabled IT ecosystems. Deal size was not disclosed.
Thasniya VP
