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Laxman Pai, Opalesque Asia: The rising use of technology due to social distancing and lockdowns has led all sectors to enter a digitalization rush, with companies using mergers and acquisitions (M&A) as a key strategy. The global M&A value stood at over $1 trillion in Q2 2021, said a study.
While Q2 2020 saw the lowest quarterly M&A transaction value in the last five years, with a total of $364bn. Activity rebounded sharply in Q2 2021, with $1 trillion in terms of total transaction value, according to a study by GlobalData.
The company's latest report, Global M&A Deals in Q2 2021, notes that a total of 8,712 M&A deals were announced in Q2 2021, 2,876 of which involved tech, media, and telecom companies.
Snigdha Parida, an analyst for Thematic Research at GlobalData said: "2020 was a landmark year for M&A activity, with a rapid recovery in activity in the second half of the year, and this has continued into 2021 to date."
There has been a huge rise in M&A value, demonstrated by examples such as the medical device industry, which saw a 913% increase in Q2 2021 year-on-year (YoY), and the foodservice industry, which saw a 586% rise. This push from companies to get their hands on the latest tech has led the global M&A value to rise to $1 trillion in Q2, 2021.
Snigdha said: "Companies across all sectors are focusing on obtaining the key technologies they need to help them to adjust to the realities of life in the COVID-19 pandemic. Companies have been most intere...................... To view our full article Click here
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