Cross-Border M&A in 2025: What KKR, ON Semiconductor and Merck KGaA Signal for Mid-Market Dealmakers
Mergers & Acquisitions

Cross-Border M&A in 2025: What KKR, ON Semiconductor and Merck KGaA Signal for Mid-Market Dealmakers

Three landmark deals — KKR’s acquisition of EDF Power Solutions, ON Semiconductor’s $7bn Synaptics deal, and Merck KGaA’s $11.3bn Bio-Techne purchase — signal a structural acceleration in cross-border M&A across energy, AI hardware, and life sciences. Mid-market decision-makers must reassess valuation benchmarks, regulatory exposure, and exit readiness now.

$18B+ in Cross-Border M&A: What the Merck KGaA and ON Semiconductor Deals Signal for Corporate Finance in 2025
Mergers & Acquisitions

$18B+ in Cross-Border M&A: What the Merck KGaA and ON Semiconductor Deals Signal for Corporate Finance in 2025

Merck KGaA’s $11.3B acquisition of Bio-Techne and ON Semiconductor’s $7B purchase of Synaptics headline a pivotal 48-hour surge in cross-border M&A, signaling durable investor conviction in life sciences and physical AI. Regulatory headwinds in semiconductor deals and PE activity in energy infrastructure complete a picture of a market in structural transition.

Cross-Border M&A Surges in 2025: $33B in Deals Reshape Life Sciences, AI Hardware, and Food Delivery
Mergers & Acquisitions

Cross-Border M&A Surges in 2025: $33B in Deals Reshape Life Sciences, AI Hardware, and Food Delivery

Three landmark deals totalling over $33 billion — Merck KGaA’s acquisition of Bio-Techne, ON Semi’s purchase of Synaptics, and Uber’s bid for Delivery Hero — signal a decisive acceleration in cross-border M&A activity across life sciences, AI hardware, and logistics. Decision-makers must navigate elevated regulatory scrutiny and integration complexity to capture strategic value.