Business-services-related M&A: trends and analysis 2H 2025
04 February 2026 | Research and Insights
Catherine Hammond | Vania Rolón
Tracker report | PPTX and PDF (8 slides) | SME Services| Enterprise Services
"AI- and IT-related acquisitions accounted for a large share of operators’ business-related M&A activity in 2025. "
Analysys Mason's Business-services-related M&A tracker identifies over 460 acquisitions that have been completed by operators between 2017 and the end of 2025 to enhance their capabilities and market reach for delivering business services. This report assesses the key trends in these business-services-related acquisitions by region and type of operator.
Topics included in this report
- Rate of business-services-related M&A
- Analysis of the types of companies and capabilities that operators are acquiring
- Differences between incumbents’ acquisition strategies and those of challenger operators
- Regional differences in operator acquisition strategies
- Rate and characteristics of business-service-related divestments
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Authors
Catherine Hammond
Research Director
Vania Rolón
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