Oaklins Germany M&A Market Report 2024
A detailed analysis of the M&A market with German counterparts
German M&A activity increases by 5.1% in total in 2024
In 2024, the number of M&A transactions with German participation increased despite (geo-)political crises and economic stagnation. By December 13, 2024, a total of 2,752 transactions were completed or announced – an increase of +5.1% compared to the previous year. Thus, 2024 was the second-best M&A year in the last 25 years. The deal count reached a level of +56.2% above the historical average since 1998. This growth was primarily driven by cross-border deals, while domestic transactions saw only slight growth.
For 2025, a further increase in transaction numbers of +5% is expected, supported by the outcome of recent interest rate cuts by the ECB, increased interest from Private Equity on the buy- and sell-side, hopes for an improved economic outlook, and – unfortunately – the high number of insolvencies. Political uncertainties, particularly due to the federal election in February, remain a key influencing factor.
The technology sector maintained its leadership position in 2024, accounting for 24.6% of all transactions, despite a slight decline of -1.2% compared to the previous year. Industrial Machinery & Components followed with a share of 14.7% in second place and showed growth compared to the previous year of +24.3%. At the same time, the Consumer & Retail and Automotive sectors posted impressive growth rates of +29.8% and +34.8%, respectively. The energy sector, however, faced a sharp decline of -35.1%, following a strong year in 2023.
Read in our report also about the top 30 deals, the hottest sectors and the top countries where German companies have completed transactions outside their home country, and why financial investors are under increased pressure to demonstrate exit performance.
We wish you an exciting journey through our report and look forward to exchanging ideas with you.
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