Education, Learning and Training – M&A Update 2026

AI to reshape education, driving digital adoption and consolidation

The latest Oaklins Education, Learning & Training M&A Update highlights a sector transitioning from rapid expansion toward a more mature and selective investment environment. Following the post-pandemic normalization period, buyers increasingly prioritize scalable, subscription-based and AI-enabled learning platforms, with a particular focus on recurring revenue models, enterprise exposure and measurable learning outcomes. Corporate training, workforce upskilling and AI-powered personalization have emerged as the most attractive themes across the market.

M&A activity stabilized through 2025, while early 2026 reflected a softer start as investor expectations around AI recalibrated. Despite this moderation, transaction momentum remains supported by structural demand for digital learning, enterprise reskilling and platform consolidation. Strategic investors continue to dominate activity globally and within DACH, while private equity participation has normalized at lower but still meaningful levels.

Key insights at a glance

EdTech M&A has shifted toward a more selective and quality-driven market, centered on scalable platforms, AI capabilities and recurring revenue visibility.
Strategic buyers continue to lead transaction activity globally and across DACH, while PE investors remain active in consolidation and platform expansion strategies.
Valuations expanded through 2025 into 1Q26, with EV/EBITDA multiples moving above long term medians as competition increased for scaled, technology enabled education assets.

Read our latest M&A Update to discover how AI, workforce upskilling, and platform consolidation are reshaping the education industry.