GCC ‘could see increase in mergers and acquisitions’

GCC ‘could see increase in mergers and acquisitions’

Mergers and acquisitions (M&A) in many sectors across Bahrain and the GCC region are expected to go up significantly, according to a KPMG expert, citing the recent increase in the number of acquisitions of technology-based companies by non-technology players, mostly within the telecom and financial services sectors as a growth driver.

KPMG in Bahrain deal advisory partner Nicolas Ribollet explained that the rise in takeovers is in line with economic diversification plans in the GCC.

“M&A is considered a catalyst for growth and transformation within the marketplace, both at a global and national level. Digital transformation is influencing how businesses are evolving, and consumers are increasingly expecting a user-friendly experience in the kingdom, the GCC region and globally,” he added.

“This means, to stay competitive, companies must consider new business models to be able to adapt with the fast-paced economy. A quick way to achieve this is to buy into existing capabilities.

Mr Ribollet was speaking during a webinar for business leaders across key sectors in the marketplace in Bahrain, to discuss a pragmatic approach towards M&A related activities.

Also discussed during the webinar were the findings of KPMG’s ‘Navigating complex M&A’ survey report.

The official believes the heightened interest in consolidation stems from the business