July 2026 brought another wave of global mergers and acquisitions deals, with multibillion-dollar transactions announced across food delivery, logistics real estate, retail, financial markets, industrial automation and biotechnology.
The month’s biggest deals were not limited to one industry or geography. Uber made a major move in international food delivery, European property companies WDP and Argan announced a large logistics real estate combination, and Canada’s Alimentation Couche-Tard targeted one of Poland’s best-known convenience-store businesses.
Based on the disclosed figures, the ten transactions in this roundup represent approximately $70.9 billion in combined announced value.
Here is a closer look at the largest M&A deals announced in July 2026 and what each transaction could mean for the companies and industries involved.
The month’s largest transactions show
- Cross-border deals continued to shape the market
- Logistics and industrial real estate remained attractive
- Companies used M&A to build scale
- Private capital remained active
Below are the top 10 M&A deals announced in July 2026, ranked by reported deal value, along with a breakdown of how each transaction helps the acquiring company.
| Acquirer | Acquired | Deal Value | Industry |
|---|---|---|---|
| Uber | Delivery Hero | $14.8 billion | Food delivery and Technology |
| WDP | Argan | $14.8 billion | Logistics Real Estate |
| Couche-Tard | Zabka | $8.7 billion | Retail |
| Intercontinental | MarketAxess | $5.7 billion | Fintech |
| Exchange | MarketAxess | Fintech | |
| ABB | Rotork | $5.5 billion | Manufacturing |
| Brookfield Asset Management and CPPIB | LXP Industrial Trust | $5.2 billion | Real Estate |
| Grant Thornton Advisors | CBIZ | $5 billion | Financial Services |
| Lone Star Funds | ContiTech | $4.6 billion | Industrial products |
| OCS Group International | Mitie | $4.17 billion | Facilities management |
| argenx | Forte Biosciences | $2.2 billion | Biotechnology |
Biggest M&A Deals Announced in July 2026
1. Uber to Acquire Delivery Hero for $14.8 Billion
Acquiring Company – Uber
Acquired Company – Delivery Hero
Deal value – $14.8 billion
Industry – Food delivery and technology
Uber plans to acquire Germany-based Delivery Hero for $14.8 billion, making it the largest acquisition in Uber’s history. Delivery Hero operates food-delivery businesses across several international markets. Buying the company would allow Uber to expand quickly in regions where Delivery Hero has already built strong local operations, customer relationships and delivery networks.
For Uber, the deal is about more than simply adding another delivery company. It would increase the scale of its global delivery business and give the company a stronger position in markets where competition remains intense.
2. WDP and Argan Announce €13 Billion Merger
Acquiring Company – WDP
Acquired Company – Argan
Deal value – $14.8 billion
Industry – Logistics real estate
Belgian logistics-property company WDP will merge with France-based Argan in a transaction expected to create a European logistics real estate group valued at approximately €13 billion ($14.8 billion)
Both companies own and develop logistics properties, including warehouses and distribution facilities. Combining their portfolios would create a larger European platform with broader geographic coverage and greater access to capital. Logistics properties continue to attract interest from large investors. Warehouses and distribution centres remain essential to ecommerce, retail and modern supply chains, even as the broader commercial-property market faces uncertainty.
The merger would give the combined company a stronger position in the European logistics real estate market and more capacity to invest in new developments.
3. Couche-Tard Plans to Buy Zabka for $8.7 Billion
Acquiring Company – Couche-Tard
Acquired Company – Zabka
Deal value – $8.7 billion
Industry – Retail
Canada-based Alimentation Couche-Tard plans to acquire Polish convenience retailer Zabka for approximately $8.7 billion.
Zabka is one of Poland’s largest and most recognisable convenience-store businesses, with a wide network of locations serving customers in towns and cities across the country. Joining a global retail group could support further expansion and investment in technology, store formats and new services.
The acquisition would give Couche-Tard a significant presence in Poland and strengthen its position in the wider European convenience-retail market. Instead of building a business from the ground up, Couche-Tard would gain an established brand, an existing store network and a large customer base.
4. Intercontinental Exchange to Acquire MarketAxess for $5.7 Billion
Acquiring Company – Intercontinental Exchange
Acquired Company – MarketAxess
Deal value – $5.7 billion
Industry – Fintech
Intercontinental Exchange to acquire MarketAxess for $5.7 billion, bringing together two companies with major roles in financial-market technology and infrastructure.
ICE operates exchanges, clearing houses, data services, and mortgage technology platforms. MarketAxess is best known for its electronic trading platform for fixed-income securities.
The combination would give ICE a larger position in electronic bond trading while allowing MarketAxess to benefit from ICE’s broader market infrastructure, data and technology capabilities.
5. ABB to Acquire Rotork for $5.5 Billion
Acquiring Company – ABB
Acquired Company – Rotork
Deal value – $5.5 billion
Industry – Manufacturing
Swiss engineering and technology company ABB will acquire UK-based Rotork for $5.5 billion. Rotork manufactures equipment used to control the flow of liquids and gases in industrial operations. Its products are used across sectors such as energy, water, chemicals and manufacturing.
The acquisition would add Rotork’s flow-control and valve-automation capabilities to ABB’s existing industrial automation business. It would also help ABB offer a wider range of products to companies looking to automate complex industrial processes.
6. Brookfield and CPPIB to Take LXP Industrial Trust Private
Acquiring Company – Brookfield Asset Management & CPPIB
Acquired Company – LXP Industrial Trust
Deal value – $5.2 billion
Industry – Real Estate
Brookfield Asset Management and the Canada Pension Plan Investment Board agreed to acquire LXP Industrial Trust in a transaction valued at $5.2 billion. The deal would take LXP Industrial Trust private. The company owns a portfolio of industrial properties, including warehouses and distribution facilities.
For Brookfield and CPPIB, the acquisition provides access to a sizeable portfolio in a property sector that continues to play a central role in the global economy.
7. Grant Thornton Advisors to Buy CBIZ for $5 Billion
Acquiring Company – Grant Thornton Advisors
Acquired Company – CBIZ
Deal value – $5 billion
Industry – Financial Services
Grant Thornton Advisors plans to acquire CBIZ in a $5 billion deal that would significantly expand its presence in the US accounting and professional-services market. For Grant Thornton, acquiring CBIZ would add scale, broaden its client base and strengthen its ability to compete for larger engagements.
CBIZ provides accounting, tax, insurance, benefits and financial advisory services. Combining the two businesses would create a larger professional-services platform capable of serving more middle-market companies across the United States.
8. Continental to Sell ContiTech to Lone Star Funds for $4.6 Billion
Acquiring Company – Lone Star Funds
Acquired Company – ContiTech
Deal value – $4.6 billion
Industry – Automotive
Continental will sell its ContiTech business to private-equity firm Lone Star Funds for $4.6 billion. ContiTech manufactures industrial products and materials-based solutions for automotive, manufacturing, mining, and infrastructure applications.
The sale would allow Continental to simplify its portfolio and focus more closely on its core automotive businesses. For Lone Star, the acquisition offers the opportunity to own and develop a substantial industrial company with operations across several end markets
9. OCS Group to Acquire Mitie for £3.1 Billion
Acquiring Company – OCS Group
Acquired Company – Mitie
Deal value – £3.1 billion ($4.17 billion)
Industry – Facilities Management
British outsourcing company OCS Group International to acquire listed rival Mitie for £3.1 billion (approximately $4.17 billion). Both companies provide facilities management services, including cleaning, security, engineering, maintenance and property support.
The two businesses together would create a larger facilities-management group with a broader customer base and a stronger ability to compete for major corporate and government contracts.
10. argenx to Acquire Forte Biosciences for $2.2 Billion
Acquiring Company – argenx
Acquired Company – Forte Biosciences
Deal value – $2.2 billion
Industry – Biotechnology
The global immunology company argenx plans to acquire Forte Biosciences for $2.2 billion. The acquisition would add Forte’s research and clinical-development assets to argenx’s immunology portfolio. Pharmaceutical and biotechnology companies often use acquisitions to gain access to promising treatments, specialist research teams and new areas of science.
For argenx, the deal could strengthen its pipeline and support its longer-term growth in immune-related diseases.
Which Industries Saw the Largest M&A Deals in July 2026?
July’s largest transactions were spread across a wide range of sectors. The mix of industries in the month suggests that large-scale M&A activity remained broad rather than being driven by a single sector.
- Food delivery and technology
- Logistics and industrial real estate
- Convenience retail
- Financial-market infrastructure
- Industrial automation
- Accounting and professional services
- Facilities management
- Biotechnology
How Intellizence Tracks M&A Deals and Mergers & Acquisitions Trends
Tracking the global M&A market manually can be challenging, as important deal information is often scattered across company announcements, press releases, financial publications, and regulatory filings. The intellizence Mergers and Acquisitions Dataset brings this information together in a structured format, helping teams identify relevant transactions more quickly. The Intellizence Mergers & Acquisitions Dataset tracks publicly announced M&A deals, divestments, asset sales, and strategic transactions across public and private companies.
- The dataset is built from public sources such as news, press releases, and regulatory filings, and records are standardized, deduplicated, and enriched with firmographic details.
- The dataset can support corporate development, investment, sales, research, consulting, and market intelligence teams.
- Intellizence M&A data is available through the Web App, REST API, CSV exports, and MCP Server for AI agents.
- Explore near-real-time M&A intelligence and identify the deals, companies, and industries shaping global markets.
For market intelligence, investment research, sales intelligence, and risk monitoring teams, the dataset can help identify:
- Mega M&A deals by deal value
- Industry consolidation trends
- Strategic acquisitions by target sector
- Acquirer and target company relationships
- Private company acquisitions
- Divestments and asset sales
- Deal status changes such as announced, completed, terminated or regulatory review
- M&A signals for account intelligence, competitive intelligence and workflow automation
The Intellizence M&A Signals API provides continuous access to ongoing and historical M&A and divestment deal data.
Frequently Asked Questions (FAQ)
How many billion-dollar M&A deals were announced in July 2026?
All ten transactions included in this roundup had a reported value above $1 billion.
What was the biggest acquisition announced in July 2026?
Uber’s planned $14.8 billion acquisition of Delivery Hero was among the biggest announced deals of July 2026. The WDP–Argan combination was also valued at approximately $14.8 billion.
Why are companies making large cross-border acquisitions?
Companies often use cross-border acquisitions to enter new markets, reach more customers, acquire established brands and gain access to local distribution networks or specialist capabilities.
Where can businesses find structured M&A data?
The Intellizence Mergers and Acquisitions Dataset provides structured information on announced acquisitions, mergers, divestments, take-private transactions and terminated deals.
What is the Intellizence M&A Dataset?
The Intellizence M&A Dataset is a curated dataset of mergers, acquisitions, divestments, and strategic transactions. It includes structured information such as deal date, acquirer, target, seller, deal amount, deal type, deal status, company details, and source information.
How can businesses use Intellizence M&A data?
Businesses can use Intellizence M&A data for market intelligence, competitive intelligence, customer intelligence, investment research, account monitoring, risk tracking and automated trigger-based workflows. The Intellizence M&A Signals API supports ongoing and historical M&A monitoring.
Check out the Largest Mergers and Acquisitions (M&A) Deals Data to stay informed about the latest M&A Deals.
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