US Market Catalyst Brief

M&A Activity Heats in Energy Software & Biotech

M&A Activity Heats in Energy Software & Biotech

Key Questions

What M&A deal involved Baker Hughes?

Baker Hughes sold Waygate to Hexagon for $1.45B, causing BKR stock to rise and CVLT +10% on rumors.

How has M&A activity trended?

M&A heated up with GS reporting +48% growth; deals in energy software like NBIS AI21 and TransDigm Jet Parts.

What biotech M&A is occurring?

Gilead eyes $15B Apellis or Biogen at 135% premium; ACET, CRBU show gamma, RVMD +33% on trials.

Are there tech M&A rumors?

Dell and HP shares surged on Nvidia acquisition talks reports. Somnigroup to acquire Leggett & Platt for $2.5B.

What drives investment banking M&A?

PE/SBA and BAC IB +8%; overall M&A surge in energy software and biotech amid strong GS performance.

BKR $1.45B Waygate Hexagon CVLT +10% rumors NBIS AI21 TransDigm Jet Parts GS M&A +48%; biotech Gilead $15B Apellis/Biogen 135% prem ACET/CRBU gamma PE/SBA BAC IB +8% RVMD +33% trial.

Sources (3)
Updated Apr 14, 2026