There are different motives for sale, purchase or merger. At this the key role goes to strategic and financial motives and goals, and often to personal factors. Besides, M&A motives depend on the size of companies (a large corporation or a small and medium company) and the type of investor (strategic or financial investor).

The main M&A motives:

Focus on core business

Expansion into new markets (geographic and product expansion)

Increasing of specialization (sale of not core assets)

Technological changes

The need to optimize expenses

The need to increase the business profitability