Deal values were disclosed in only 12% of M&A transactions that occurred during the first three quarters of 2025 as buyers continued to prefer to keep their M&A strategies private. Total disclosed deal value reached $1.9B.

The top buyers of Latin American tech companies during the first three quarters of 2025 were all strategic acquirers, including Visma, iFood, Vela Software, Evertec, Volaris Group, and, WiseTech Global.Visma, iFood and Vela Software completed 3 deals each while Evertec, Volaris Group and WiseTech Global completed 2 deals each.

Tech M&A Activity in Latin America was robust with 174 deals seen during the first three quarters of 2025. Dealmaking volumes are on pace to exceed 2024 levels, which saw 181 transactions, by a comfortable margin. Strategic and financial buyers were active with PE firms being the acquirer in 23% of these transactions.