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Can M&A Bounce Back in 2024? Second Half of 2024 Points to a Mixed Recovery for M&A

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BCG’s New M&A Sentiment Index Indicates a Stable Global M&A Market Over the Next Six MonthsBased on Market Indicators and GenAI-Backed Analysis of Executive and Investor Sentiment, the Index Will Provide Monthly Insights into Where the M&A Market Is HeadedCurrent Momentum Is Strongest in Europe; Dealmakers in the Americas Appear More Cautious After a Strong Turn of the Year; Dealmakers in Asia-Pacific Seem Reluctant to Pursue Transactions, as M&A Activity in the Region Hits a Decade LowAcross Sectors, Energy Is the Bright Spot for the Remainder of 2024

BOSTON, July 9, 2024 /PRNewswire/ — The M&A market has been slightly more active in the first half of 2024 than in the first six months of 2023, but its recovery from last year’s trough has been slower than many anticipated. The global value of M&A activity in the first half of 2024 was $1.0 trillion, well below the ten-year average of $1.5 trillion, according to a new article from Boston Consulting Group (BCG). What’s more, BCG’s newly launched M&A Sentiment Index reveals that momentum is not yet accelerating in all industries and sectors—though dealmakers appear to be more optimistic now than during the previous 24 months.

The M&A Sentiment Index, which provides a monthly update on dealmakers’ willingness to engage in mergers, acquisitions, and divestitures over roughly the next six months, indicates a mixed outlook for dealmaking activity through the end of 2024. Although the current index value of 78 is below the ten-year average of 100, the M&A market has already recovered significantly from the low point of 62 in November 2023. Regionally, momentum is strongest in Europe; by sector, energy, materials, and technology, media, and telecommunications are standouts. However, some dealmakers, especially in Asia-Pacific and in the industrials sector, seem reluctant to pursue transactions.

“M&A has become part of every CEO’s strategy toolkit,” said Jens Kengelbach, BCG’s global leader of M&A. “Yet amid economic uncertainty, concerns about inflation and monetary policy, and regulatory and geopolitical headwinds, it’s harder than ever for decision makers to formulate reliable plans.”

M&A Momentum Is Strongest in Europe; Asia-Pacific Hits a Decade Low

The regional differences during the first six months of 2024 were significant:

Americas. Deals involving a target in the Americas had a total value of $647 billion, an increase of approximately 14% versus the first half of 2023. Notably, North America accounted for 61% of overall global M&A activity.Europe. The value of European M&A totaled $255 billion, a 23% increase compared with the first six months of last year. Deal value in the UK increased by 185%—the country’s highest share of European dealmaking since 2015. Deal value also increased in Sweden (138%), Spain (19%), and the Czech Republic (196%), while France (–25%) and Germany (–32%) saw declines.Asia-Pacific. Deal value in Asia-Pacific declined by 40% to an 11-year low of $117 billion. The regional total reflects declines in Japan (–67%), China (–36%), South Korea (–16%), and Australia (–39%). Brighter spots include India (55%), Singapore (41%), and Malaysia (266%).

Drivers for the Remainder of 2024

Many of the trends outlined in BCG’s 2023 M&A Report continue to provide support for a positive outlook for deal activity.

The race to gain access to AI and other emerging technologies will likely motivate many transactions in the coming years. In addition, ESG, decarbonization, and the broader energy transition will lead companies to acquire capabilities, technologies, and other assets that advance their goals.

The recovery of valuation levels in most sectors presents another significant tailwind, making it easier for buyers and sellers to agree on a purchase price. At the same time, volatility has decreased, yielding a more stable backdrop for decision making.

Introducing BCG’s M&A Sentiment Index

The M&A Sentiment Index uses a proprietary methodology to derive M&A Sentiment Index value, applying BCG’s decades of M&A research and expertise, as well as insights derived from analysis of more than 900,000 deals.

To determine the index value each month, BCG will analyze the fundamental drivers of M&A activity—such as business confidence, valuation levels, and interest rates—and apply state-of-the-art generative AI capabilities to assess executive and investor sentiment toward M&A from corporate communications.

BCG will refresh the index on the fourth Tuesday of each month. The index’s interactive features allow dealmakers to view sentiment globally and across individual regions and sectors.

“To understand where the M&A market is heading, CEOs, CFOs, and business leaders need more than a quarterly or semiannual snapshot of past deal activity,” said Daniel Friedman, BCG’s global leader of Transactions and Integrations. “BCG’s monthly M&A Sentiment Index gives leaders crucial visibility into the M&A market’s near-term trajectory.”

Learn more about the M&A Sentiment Index here:
https://www.bcg.com/collections/publications/m-and-a-sentiment-index

Read BCG’s latest insights on the state of the M&A market here:
https://www.bcg.com/publications/2024/m-and-a-market-insights-series-h1-2024

Media Contact:
Eric Gregoire
+1 617 850 3783
gregoire.eric@bcg.com

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

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SOURCE Boston Consulting Group (BCG)

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MESCIUS inc. Recognized in 2024 ComponentSource Awards

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PITTSBURGH, July 19, 2024 /PRNewswire/ — MESCIUS inc, a global provider of award-winning enterprise software development tools, is pleased to announce that it has been recognized as the 2024 number two publisher and top five publisher by ComponentSource, the world’s largest marketplace for software components and development tools. ComponentSource also recognized MESCIUS for its many top-selling products on its annual listing.

Discover what MESCIUS products received top awards in the 2024 ComponentSource Awards.

As the component and tools market continues to expand with more mature technologies, MESCIUS inc. is pleased to offer high-performing and robust components that allow developers to “write once, deploy anywhere” across mobile, web, desktop, server, and multiple OS platforms.

ActiveReports. NET Professional received a #5 Product Award and a Top 5 Product Award. Spread. NET and ComponentOne Studio Enterprise were each honored with Top 10 Product Awards. ActiveReports .NET Standard and ComponentOne Studio WinForms received a Top 25 Product Award, while SpreadJS and Wijmo earned Top 50 Product Awards. ComponentOne Studio ActiveX, ComponentOne Studio WPF, and ActiveReportsJS secured a Top 100 Product Award. In addition to the various product awards, MESCIUS inc received a #2 Publisher Award and a Top 5 Publisher Award.

Publisher and product rankings are calculated based on ComponentSource’s actual sales orders placed by customers globally during 2023.

View the 2024 Publisher Awards List.View the 2024 Product Awards List.

“As with previous years, these awards are derived from the orders we’ve received from our global customer base,” said Sam Patterson, ComponentSource CEO. “They offer an authentic snapshot of the global market for commercial software components and development tools in 2023. We believe our awards provide precise, real-world insights into how our customers are utilizing these components and development tools in their most recent projects.”

“The rebranding from GrapeCity Developer Solutions to MESCIUS Inc. in 2023 marked a significant milestone, introducing not only a new name but also a revitalized approach to our product suite,” stated Joseph Lininger, Director of Marketing at MESCIUS (formerly GrapeCity). “We are delighted to continue our longstanding partnership with ComponentSource, which has been instrumental in distributing our .NET and JavaScript grids, UI components, reporting tools, spreadsheet and document APIs, and mobile controls. This collaboration ensures that our global developer community remains well-equipped with superior products and services they have come to expect from us.”

About ComponentSource ComponentSource is the world’s largest marketplace for reusable software components for all platforms. The respected barometer for the component industry, ComponentSource pioneered the open market for reusable software components in 1995 and continues to drive the market through its award-winning e-business model and groundbreaking work to establish the first widely accepted reusable component standard. A global e-business with customers in over 180 countries, ComponentSource is headquartered in Atlanta, GA United States and has offices in Reading, England, Dublin, Ireland and Tokyo, Japan. For more information, please visit http://www.componentsource.com.

About MESCIUS MESCIUS inc. is one of the world’s largest providers of developer components. The company retains 400 employees and hundreds of thousands of customers worldwide. MESCIUS inc. is committed to providing enterprises around the world with state-of-the-art developer tools and components, software services, and solutions. For more information, visit https://developer.mescius.com.

All product and company names herein may be trademarks of their respective owners.

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tKash Celebrates 1st Anniversary with Major Milestones and Exciting Promotions

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Achieving 100,000 Registrations, International Reach, and Celebratory Promotions Highlight tKash’s Remarkable First Year

KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — tKash, a pioneering financial services app, is celebrating its first anniversary with notable achievements and exciting promotions. Launched with a vision to simplify financial transactions, tKash has reached impressive milestones, including 100,000 registrations and up to 10,000 daily active users.

Since its inception, tKash has been dedicated to providing seamless and secure financial services. The app has enabled users to transfer up to RM 1 million across borders, offering peace of mind with its reliable and efficient service. In addition to money transfers, tKash provides convenient currency exchange services for up to 10 countries’ currencies, including Bangladesh, Indonesia, India, the Philippines, Pakistan, Singapore, Vietnam, Thailand, and Myanmar.

One of the standout features of tKash is its Live FC (foreign currency) Rates, which allows users to track currency fluctuations in real time, ensuring they make informed decisions when exchanging currencies.

The company’s growth and success have not gone unnoticed. tKash proudly featured its video on the iconic New York Times Square billboard and displayed billboards in Kuala Lumpur, enhancing its brand visibility on an international scale. Influencers from countries such as Thailand have shared positive reviews on social media, further boosting tKash’s presence on social media.

To celebrate its first anniversary, tKash is running a special promotion where users who refer their friends have the chance to share in a RM100,000 prize pool, making it even more rewarding to engage with the app. The company continues to innovate, with regular updates to its app, which are available for download on both the PlayStore and AppStore. In January 2024, tKash launched its official website, providing users another platform to access its services.

In just one year, tKash has proven to be a game-changer in the financial services industry, making everyday transactions smoother and more accessible. With its tech-savvy team and commitment to customer satisfaction, tKash is poised for continued growth and success.

tKash is a leading financial services app committed to making financial transactions easier and more accessible. With secure money transfers, real-time currency exchange rates, and a user-friendly interface, tKash transforms how people manage their finances. For more information, visit tKash.co.

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Saronic Raises $175 Million in Series B Funding, Valuing Company at $1 Billion

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Funding will accelerate Saronic’s growth and further scale production of its autonomous surface vessels for the U.S. Navy and its allies

AUSTIN, Texas, July 19, 2024 /PRNewswire/ — Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), today announced a $175 million Series B raise placing the company’s valuation at $1 billion. The funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.

Saronic is redefining maritime superiority for the U.S. Navy and its allies by delivering the most effective and advanced ASVs at the speed and scale needed to meet the rapidly growing needs of the Joint Force. Saronic’s ASVs are designed to serve as a force multiplier for the existing Fleet, working alongside manned systems to allow naval forces to go farther and do more with less risk to life and mission. 

“We are creating an entirely new capability for the maritime domain, one that delivers naval power without the costs and delays of a shipyard,” said Saronic CEO Dino Mavrookas. “As the future of naval warfare will rely on manned and unmanned teaming, we must build solutions that easily integrate into the existing fleet and can be produced at scale to meet any emerging threat. We are grateful to our investment partners who believe so strongly in Saronic’s ability to meet that need.”

Saronic’s investor group is composed of firms committed to ensuring that the U.S. military maintains its decisive advantage in the face of an increasingly complex and competitive global threat landscape through the integration of advanced technology and innovative capabilities that truly meet the needs of the warfighter. 

“Our nation’s future depends on us continuing to build and deploy the best, most innovative technology” said Katherine Boyle, General Partner at a16z. “Saronic is developing the solutions we need to protect the warfighter and stay ahead of our adversaries, and we are proud to support their continued growth.”

This new investment will accelerate Saronic’s growth both domestically and internationally. At home, it will allow further expansion of Saronic’s in-house manufacturing capabilities and enable increased production of all its ASV models. Additionally, it will advance the research and development of new autonomous capabilities for naval and maritime forces, including increased technology and payload integration with government and commercial partners. Internationally, this investment will support Saronic’s expansion to more fully serve U.S. allies and partners in key markets.

“To deter China and other adversaries, the United States and our allies must bring intelligent, autonomous new capabilities to naval warfare,” said Alex Moore, Partner at 8VC. “Saronic delivers these capabilities on a relevant scale and timeline, and has enlisted the top engineers and operators in the industry.”

Saronic’s family of ASVs includes Spyglass (6′), Cutlass (14′) and Corsair, its largest model, which is currently in development and testing. Each vessel features integrated autonomous capabilities to meet a customer’s specific requirements and can carry diverse payloads in communication- and GPS-denied environments. Through the vertical integration of hardware and software as well as the use of a Modular Open Systems Architecture (MOSA), Saronic’s ASVs deliver greater interoperability at a price point that makes them attritable. Having a cost-effective capability that can be deployed without putting human operators in harm’s way increases the survivability of the fleet and enables commanders to engage in situations where the risk is too high to deploy a traditional manned system.

For more information about Saronic, please visit: https://www.saronic.com.  

Media Contact: Press@saronic.com 

 

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