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March 7, 2017

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China’s M&A market for TMT to grow

CHINA’S technology, media and telecommunications overseas merger and acquisition market is set to grow steadily in 2017, said a Deloitte report.

China’s M&A deals in technology, media and telecommunications overseas grew by a compound annual growth rate of 27 percent from 2012 to 2016, far exceeding North America, Europe and other regions, according to Deloitte’s “China TMT Industry Overseas M&A Report 2017.”

Deloitte attributed the increase to a slowdown in the global economy, desire for fresh funds from small and medium-sized enterprises in developed countries, as well as China’s Belt and Road initiative.

The transactions were mainly in the technology sector, which took up over half of the entire TMT industry in 2016.

“This means China is showing a growing interest in overseas advanced technology,” said Keat Lee, a Deloitte China consulting partner.

“Demand for foreign technology and new growth incentives in overseas markets made China a major driving force in the TMT M&A market,” said William Chou, a Deloitte China TMT industry managing partner.

Deloitte expects China’s pace in overseas M&A investment to accelerate in the technology sector in 2017 and the total number of M&A transactions to grow steadily as Chinese tech companies try to acquire foreign high-tech.

The number of TMT M&A transactions in the global market registered a compound annual growth of 7 percent between 2012 and 2016, with the trading volume hit a five-year high of US$440 million in 2016.


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