Let’s start our annnual Asian Tech M&A report by looking at deal volumes, which were incredily robust with 658 transactions announced, setting a new 10-year high as transaction volumes rose by 22% over 2024 levels. Demand was particualrly strong from strategic acquirers, which represented the buyer in 91% of these transactions. Private Equity firms represented the acquirer in 58 of these deals. 

Total disclosed M&A deal values reached $26.6 billion through 2025, almost triple the levels seen in all of 2024 due in part to a megadeal. Financial terms were disclosed in only 29% of these transactions as buyers preferred to keep their M&A strategies private.  

During 2025, most top acquirers were strategics, including Accenture with 5 deals and Nexus, Zaggle, Arent, Flipcart, Naver, Mitsubishi and BTM with 3 deals each.