The study results of the international audit firm EY "Global Capital Confidence Barometer", have shown that digital and technological transformations have a much greater impact on the global M&A market than geopolitical changes.

Steve Krouskos, EY Global vice president of transaction support advisory services, said: “Digital technologies remain the main driver of M&A. Changing consumer preferences and transforming business models mean that the company’s management will continue to review the structure of investment portfolios to ensure the prosperity of its business in the future”.

Amazon’s resounding merger of Whole Foods, estimated at USD 13.7 billion, is an example of convergence of industries and the growth of digital capabilities for the M&A sector. It is expected that businesses will use these opportunities in order to enter new areas and niches.

Business activity of the market participants in the first half-year indicates a burst of investment through mergers and acquisitions, as well as the conclusion of alliances in business areas related to cars in autonomous management. Both the technology sector and the automotive industry buy businesses and are united through alliances to gain competitive advantages for urban mobility development.

Consequently, M&A multiplies the pace of convergence of industries and washes out the boundaries between them. The signing of agreements and the establishing of alliances now is the fastest way to gain access to the benefits of rapid technological change.