M&A Activity in Austria Picks Up Again in the First Half of 2026

Who Is Buying in Austria?

Strategic buyers remain dominant, specifically seeking technology know-how, specialized industrial expertise, or strong market positions. Several of the larger transactions were attributable to buyers from the United States and Germany, underscoring the close ties of the location to the transatlantic and DACH regions.

The average deal size has developed stably in this context. According to EY, a significant portion of the transactions fell in the low single-digit to low double-digit million range, supplemented by a few larger acquisitions. Overall, the surveyed consultants view the domestic market as more liquid and more willing to negotiate than a year ago.

Deal Sizes and Sectors at a Glance

Industries beyond traditional manufacturing are also coming more into focus. Several takeovers took place in the areas of software, renewable energy, and healthcare services. These sectors benefited from buyers relying on established distribution structures and regulatory experience within the EU.

In the ranking of the most active domestic advisors, EY leads according to its own figures, followed by other international firms. The increasing professionalization of due diligence processes and the greater use of digital data rooms have accelerated deal execution, according to the industry.

Outlook for the Second Half

At the same time, observers point out that competition for attractive targets has become more intense. In some segments, valuations have risen again, extending negotiations. Nevertheless, confidence currently prevails among sellers and buyers that the second half can build on this momentum.

Robert Hufnagel, Partner and Head of M&A Advisory at EY-Parthenon, stated: „Österreich bleibt für internationale Käufer:innen attraktiv - vor allem dort, wo Unternehmen technologisches Know-how, spezialisierte Industriekompetenz oder starke Marktpositionen mitbringen.