Market Commentary

Technology sector dominates ‘resilient’ M&A landscape

Posted by Anton Murray Consulting on . Posted in Market Commentary


A new report has indicated that technology has now become the largest industry segment by M&A deal volume. Australian M&A deal volumes reached their highest level since 2010 in the 18 months to December 2021, Grant Thornton’s latest Dealtracker report has found, with a total of 1,606 transactions taking place over the period. The firm said that the COVID-19 pandemic had failed to reduce the appetite for deals and instead had positively influenced investments in many cases, with a record 1,146 deals taking place throughout the 2021 calendar year.

“As we look forward to the economy reopening resulting in improved market conditions and the continued weight of money, we should see deal activity remain strong and diversify across a greater number of sectors,” commented Grant Thornton partner and national head of corporate finance Paul Gooley. “Notwithstanding this position, should current inflationary pressures lead to increased funding costs and lower consumer spending and investment, there remains a risk that deal activity will slow and valuations ease as we are starting to see in IPO markets.” The number of M&A deals in the technology sector during the period surged by 42 per cent to a total of 456, accounting for 28 per cent of all deals and overtaking industrials as the top sector by deal volume.

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