The largest disclosed Tech M&A transaction in Latin America through Q3 2026 was Equifax’s $825 million acquisition of Círculo de Crédito, announced in July. The transaction strengthens Equifax’s credit information and decisioning capabilities in Mexico, adding credit scoring, monitoring, and identity restoration services.

Another recent large deal was the $494 million acquisition of Elea Data Centers, a Brazilian operator of carrier-neutral data center infrastructure, by US-based infrastructure investment firm I Squared Capital. The transaction expands I Squared Capital's digital infrastructure platform in Latin America and accelerates the development of large-scale cloud and AI infrastructure to meet the region's growing demand for digital services.

The second-largest transaction was TransUnion’s $660 million acquisition of an additional 68% stake in Buró de Crédito, announced in March. The deal expands TransUnion’s ownership of the Mexican credit information provider and strengthens its position in the country’s credit risk management market.

Now, let’s take a look at some other representative transactions in the LATAM region seen during the last months of 2026:The first example comes from the logistics technology market. In July, Descartes Systems Group acquired Chilean company Drivin for $30 million. Drivin brings technology built around the increasingly complex last-mile delivery environment, along with a substantial base of operational data. For Descartes, the transaction adds another layer to its logistics technology offering while creating opportunities to apply that data to AI and optimization activities. 

In Argentina, Telecentro expanded its telecommunications footprint in August through the $260M acquisition of Iplan Networks. The combination brings Iplan’s fiber infrastructure covering more than one million homes passed into Telecentro’s network, supporting the company’s continued expansion of high-speed connectivity across the country.

Another example of cross-border expansion came in August, when US-based ID Group acquired Chile’s Tu Firma Digital for $3M at 7.5x EV/Sales, another deal that was well above the median in this space. The transaction brings together digital identity, electronic signatures, and document management, highlighting the continued development of specialized legal tech solutions in the region.

Another notable transaction was xFarm Technologies’ acquisition of Brazilian agtech company Sibium Analytics. The deal marks xFarm’s second transaction in Brazil and strengthens its position in the country’s high-value sugarcane and biofuel sectors. By integrating Sibium’s geospatial intelligence, ESG, and supply-chain capabilities, xFarm is broadening its platform while bringing approximately 8 million additional tracked hectares into its ecosystem.