Romania's M&A Market Grows 2.2 Times to Reach €2.3 Billion in Q3 2026

The mergers and acquisitions (M&A) market in Romania has achieved remarkable growth, reaching an estimated value of €2.3 billion in the third quarter of 2026. This figure represents a 2.2-fold increase compared to the same period last year, showcasing the resilience and attractiveness of the Romanian business landscape.

The number of announced transactions surged by 52%, totaling 93 deals this quarter. Among these, only 11 transactions surpassed the €40 million threshold, indicating a diverse range of activity across various sectors.

The industrial products and services sector played a crucial role, contributing approximately €463 million to the market's value. Meanwhile, the energy sector added around €232 million, further emphasizing the sectors driving this growth.

A significant highlight was the acquisition of Electronic Arts by a consortium including Public Investment Fund (PIF), Silver Lake, and Affinity Partners, valued at over €650 million. Excluding this deal, the average transaction value stood at about €16 million.

Investor interest remains strong, with strategic investors completing 65 transactions and financial investors involved in 28 deals—an increase of approximately 14% from the previous year. Local investors also made their mark, completing 35 transactions, representing about 38% of the total.

The ongoing positive trends are supported by the first results of a fiscal consolidation package and a maintained country rating at 'investment grade' by rating agencies. Furthermore, the prospects for OECD membership continue to foster a vibrant transaction environment in Romania.

Notably, the majority of transactions are still in the signing stage, reflecting longer approval times from authorities. The active participation of international groups with operations in Romania generated €1.6 billion of the total market value, underlining the global interest in Romanian businesses.

Industry experts, including George Ureche and Marina Pavel from PwC Romania, are optimistic about the future trajectory of the M&A market. The continued growth signals a positive outlook for investors and businesses alike, reinforcing Romania's position as an attractive destination for investment.