labels: industry - general, economy - general, m&a
India logs third-largest M&A deals in Asia-Pacific in H1 2006: PwCnews
22 August 2006

Mumbai: Indian companies concluded deals worth $25.6 billion in the first six months of 2006, up from $8 billion in the first half of 2005, and $23.6 billion for the whole of the previous year, says a PricewaterhouseCoopers' M&A report.

Corporate India, with its appetite for engineering products, pharmaceuticals, IT, oil and gas and other sectors, lapped up more firms and brands in cross-border acquisitions than many other countries. In fact, only behind Japan and Australia, India has left China and South Korea behind in the M&A race in the Asia Pacific region according to the 10th edition of PricewaterhouseCoopers' M&A Bulletin.

Indian companies also outperformed the average increase in M&As of 32 per cent in the Asia Pacific region during the period. Japan and Australia bagged the first and second slots, with deals worth $64.2 billion and $33.2 billion, respectively.

  • Japan tops the M&A ranking with deals worth $64.2 billion followed by
  • Australia $33.2 billion
  • India $25.6 billion
  • South Korea $25.2 billion
  • China $21 billion
  • Hong Kong $17.1 billion
  • Malaysia $9.1 billion
  • Singapore $8.2 billion
  • Thailand $6.6 billion
  • Indonesia $6.5 billion and
  • The Philippines $1.7 billion

The report attributed the growth in M&As to India's entry into new markets, establishment of leadership positions by existing players, extension of domain knowledge by acquisition of know-how, focus on infrastructure, and a fast-liberalising market.


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India logs third-largest M&A deals in Asia-Pacific in H1 2006: PwC