Top 10 M&A deals in the EMEA region in 2025

Portugal Business News - Valerie Charoux
Mar 5
4 min read

Financial News – Here are the Top 10 Mergers and Acquisitions (M&A) deals in the EMEA region in 2025, as well as the Top 5 sectors for the largest M&A deals in the EMEA region, according to a report by Datasite published in February 2026:

Most of EMEA’s largest M&A deals were in the Technology, Media, and Telecommunications (TMT) sector that reached an aggregate value of Euros 252.1 billion, an increase of 23.3% year-on-year, as investment focused on cybersecurity and digital connectivity companies.

1 - Top 10 M&A deals in the EMEA region in 2025:

1 - Palo Alto Networks Inc. – TMT sector

Palo Alto Networks Inc. ranks the No. 1 bidder company in the EMEA region in the M&A sector with a deal value of 21,275 million euros for a 100% stake in target company CyberArk Software Ltd (a cybersecurity company) on July 30^th, 2025.

2 - Keurig Dr Pepper Inc. – Consumer sector

Keurig Dr Pepper Inc. ranks 2^nd bidder company in the EMEA region in the M&A sector with a deal value of 19,727 million euros for a 100% stake in target company JDE Peet's NV (a global coffee company) on August 25^th, 2025, through vendor company JAB Holding Company SARL.

3 - Orange SA ; Bouygues Telecom SA ; Bouygues SA ; Iliad SA – TMT sector

Orange SA; Bouygues Telecom SA; Bouygues SA; Iliad SA rank 3rd in the ranking of bidder companies in the EMEA region in the M&A sector with a deal value of 17,000 million euros for a 100% stake in target company Altice France SA (a telecommunications company in France) on October 14^th, 2025, through vendor company Altice Luxembourg SA.

4 - Orange SA – TMT sector

Orange SA ranks 4^th bidder company in the EMEA region in the M&A sector with a deal value of 16,757 million euros for a 50% stake in target company MasOrange SL on October 31st, 2025, through vendor companies Cinven Ltd.; KKR & Co. Inc.; Providence Equity Partners LLC.

5 - Borealis GmbH; OMV AG - Industrials & chemicals sector

Borealis GmbH; OMV AG rank 5^th in the ranking of bidder companies in the EMEA region in the M&A sector with a deal value of 15,812 million euros for a 64% stake in target company Borouge plc on March 3rd, 2025, through vendor company Abu Dhabi National Oil Company PJSC.

6 - Banca Monte dei Paschi di Siena SpA – Financial Services sector

Banca Monte dei Paschi di Siena SpA ranks 6th bidder company in the EMEA region in the M&A sector with a deal value of 14,326 million euros for a 85.37% stake in target company Mediobanca – Banca di Credito Finanziario SpA on January 24th, 2025.

7 - Emirate of Abu Dhabi; L'imad Holding Company PJSC – Real Estate sector

Emirate of Abu Dhabi; L'imad Holding Company PJSC rank 7^th in the ranking of bidder companies in the EMEA region in the M&A sector with a deal value of 11,899 million euros for a 80.5% stake in target company Modon Holding PSC on October 30th, 2025, through vendor companies International Holding Company PJSC; Alpha Dhabi Holding PJSC; Abu Dhabi Developmental Holding Company PJSC.

8 - Helvetia Baloise Holding AG – Financial Services sector

Helvetia Baloise Holding AG ranks 8^th bidder company in the EMEA region in the M&A sector with a deal value of 11,572 million euros for a 100% stake in target company Baloise Holding Ltd. on April 22nd, 2025.

9 - Federal Agency for Management of State Property – Rosimushchestvo – Transportation sector

Federal Agency for Management of State Property – Rosimushchestvo ranks 9^th bidder company in the EMEA region in the M&A sector with a deal value of 11,100 million euros for a 100% stake in target company DME Ltd. on June 20th, 2025, through vendor companies Dmitry Kamenshchik (Private Investor); Alamo Holding JSC.

10 - Stichting Pensioenfonds ABP; GIC Pte. Ltd.; Norges Bank Investment Management; APG Rechtenbeheer NV - Energy, mining & utilities sectors

Stichting Pensioenfonds ABP; GIC Pte. Ltd.; Norges Bank Investment Management; APG Rechtenbeheer NV rank 10^thin the ranking of bidder companies in the EMEA region in the M&A sector with a deal value of 9,500 million euros for a 46% stake in target company Tennet TSO GmbH on September 24th, 2025.

2 - Top 5 sectors for the largest M&A deals in the EMEA region in 2025:

1 – The Technology, Media, and Telecommunications (TMT) sector

The Technology, Media, and Telecommunications (TMT) sector ranked the No. 1 sector for the largest M&A deals by value in the EMEA region in 2025, reaching an aggregate value of 252.1 billion euros.

2 – The Financial Services sector

The Financial Services sector ranked 2^nd sector for the largest M&A deals by value in the EMEA region in 2025, reaching an aggregate value of 188.7 billion euros.

3 – The Industrials and Chemicals sector

The Industrials and Chemicals sector ranked 3^rd sector for the largest M&A deals by value in the EMEA region in 2025, reaching an aggregate value of 161 billion euros.

4 – The Pharmaceutical, Medical and Biotech sector

The Pharmaceutical, Medical and Biotech sector ranked 4^th sector for the largest M&A deals by value in the EMEA region in 2025, reaching an aggregate value of 124.2 billion euros.

5 – The Consumer sector

The Consumer sector ranked 5^th sector for the largest M&A deals by value in the EMEA region in 2025, reaching an aggregate value of 105.4 billion euros.