The real estate and construction sector was the most active in terms of the number of M&A transactions in Romania during 2024, accounting for 28% of the total market, which reached an estimated value of between €5.7 and €6.1 billion.
According to an analysis by Deloitte Romania, this sector was followed by energy (18%), consumer products (13%), industrial products and services (10%), and technology (7%). In terms of transaction value, the energy sector led with 34% of the total, followed by real estate and construction with 22%.
Excluding mega-transactions (transactions over €500 million), the average transaction value was €34 million in 2024, compared to €25 million in 2023.
"The sustained pace of growth in M&A activity in Romania in 2024 consolidates our country's position in the region, narrowing the gap with the leader, Poland. It is also worth noting the trend of maturation of the local market, visible in the increase in the number of high-value transactions, the average transaction value, as well as the share of local investors in the total transactions. For 2025, we expect an evolution in the same direction of market maturation and one or two mega-transactions," said Radu Dumitrescu, Coordinating Partner of Advisory at Deloitte Romania.
Strategic investors continued to dominate the market in 2024, their share increasing slightly from 87% (in 2023) to 89% of the total number of transactions. Of these, 44% were Romanian, a significant increase compared to the previous year (29%), and the transactions in which they were involved represent 32% of the market value, again, a considerable advance from 9% in the previous year.
