Mergers and acquisitions activity in the marketing sector rose 14% in the first quarter of 2015, with 280 deals worth a collective $8.4 billion taking place during the first three months of the year, according to corporate finance advisers Ciesco.
The figures indicate that the fast pace of deal-making last year – which was up 24% over 2013 — is on track to continue this year.
Of the 280 deals made in the first quarter, 131 were in the U.S., making it by far the most-active market. The U.K. was second with 36, followed by Canada, France and China with 12 each. Australia, Germany, India, Sweden and the Netherlands were also in the top 10 countries by deal volume.
Marketing technology was the most active sector, with 46 deals, followed by mobile (32), full service digital (25), and digital media (22).
Cross-border deals accounted for 30% of transactions, slightly behind last year’s 33%, suggesting that the communications giants are beginning to shift focus towards consolidating operations in existing markets rather than prioritizing land grabs.
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