Let’s start our Asian Tech M&A report by looking at deal volumes, which were incredily robust with 356 transactions announced in H1 2026, on pace to exceed the 10-year high of 658 transactions achieved in 2025. Demand was particualrly strong from strategic acquirers, which represented the buyer in 92% of these transactions. Private Equity firms represented the acquirer in 29 of these deals.

Total disclosed M&A deal values reached $16 billion through H1 2026, approximately half the total level announced in 2025. Financial terms were disclosed in only 30% of these transactions as buyers preferred to keep their M&A strategies private. 

In the first half of 2026, Micronity, an AI‑driven software business succession platform, was the most active buyer, making 3 acquisitions, followed by strategic buyers such as CIMG, GMO Tech, PKSHA Technology, Cacco, Crocus, Fonfun, Legrand and Grab with 2 acquisitions each. Other notable strategics include Asian giants such as NTT, Wipro, Sharp, and Toyota. Financial buyer activity was led by private equity firms such as EQT Group, KKR, Carlyle Group, Blackstone, Haveli Investments, and others.