Asia-Pacific M&A By the Numbers: Q2 2025

Second quarter M&A activity in Asia-Pacific recorded $186.8B in announced deals across 2,325 transactions. Industrials led sector performance at $60.0B, followed by Information Technology at $35.3B and Energy at $27.4B, marking a strong quarter for large-scale transactions. The largest deal of the quarter was the $43.9B acquisition of Toyota Industries Corporation (Japan) by an investor group based in Japan, contributing a substantial share of the Industrials total. By geography, Japan topped the list with $79.0B in announced deals, outpacing China at $41.6B and Australia at $33.4B. Singapore ($9.1B) and India ($8.4B) completed the top five markets, underscoring broad-based activity across the region.