Global mergers and acquisitions are projected to reach an annual deal value of $4 trillion in 2026, marking the most active period for corporate consolidation since 2021.
The forecast, outlined in a new report by PwC, signals a significant resurgence in cross-border and domestic dealmaking activity after years of relative caution.
In Germany, for instance, M&A activity involving domestic companies has already reached a combined value of $145 billion in the first half of 2026.
The surge is being fueled by a new wave of large-scale transactions as companies seek to scale operations and consolidate market positions.
This renewed appetite for M&A reflects improved confidence in the economic outlook and a strategic shift toward growth through acquisition rather than organic expansion alone.
Regional data supports the global uptick.
In Germany, for instance, M&A activity involving domestic companies has already reached a combined value of $145 billion in the first half of 2026.