M&A Activity in Poland Remains Strong

Mergers and Acquisitions in Poland: A Landscape of Growth and Opportunity

Poland has solidified its position as a hub for mergers and acquisitions in Central and Eastern Europe. With a GDP surpassing $1 trillion in 2025, Poland is now the 20th largest economy globally and the 9th largest in Europe. This success stems from its combination of economic resilience, entrepreneurial spirit, and institutional maturity, setting it apart from other markets in the region. Poland’s remarkable economic growth is no accident. The country managed to dodge recession during the 2007-2009 global financial crisis and saw only a 2.0% GDP contraction during the pandemic, significantly less than the EU average of minus 5.6%. This enduring resilience has instilled confidence in investors, driving a continuous flow of transactions across various sectors.

For entrepreneurs, founders, and corporate leaders looking to engage in M&A activities in Poland, understanding the legal framework is crucial. Quality legal counsel can be the difference between a successful transaction that generates long-lasting value and one that leads to costly disputes. This is where Poland’s legal ecosystem and the top-tier law firms in the country play a vital role.

Despite facing challenges such as geopolitical tensions, rising interest rates, and economic uncertainty, the Polish M&A market has shown remarkable resilience. In 2024, around 348 transactions were completed, with a slight decrease to approximately 330 deals in 2025. However, this figure remains well above the median of 253 annual transactions over the past decade. Several factors are fueling this sustained M&A activity. Technology and software sectors are experiencing significant growth, with computer software transactions increasing nearly 19 times since 2010. Renewable energy, particularly solar and wind assets, has also emerged as a key sector attracting both local and international investment. Additionally, sectors like healthcare, fintech, and business services are consolidating, offering strategic acquirers and financial sponsors new opportunities.

A notable trend reshaping the M&A landscape is a shift towards bilateral negotiations. Private equity firms and corporate acquirers are opting for direct discussions with selected partners to enhance flexibility and align objectives. “Buy-and-build” strategies, where PE-backed platforms acquire smaller companies to drive growth, have gained traction and are expected to grow further. Foreign acquirers, drawn by favorable currency dynamics, a skilled talent pool, and attractive valuations compared to Western European markets, account for half of all M&A transactions in Poland. Investors from the US, Germany, and the Gulf region are increasingly involved in cross-border deals, adding to the overall deal value.

Every M&A transaction involves a maze of legal intricacies, from due diligence to regulatory approvals, shareholder agreements, and post-closing integration. In Poland’s evolving regulatory landscape, where sector protections have expanded since 2024 and competition oversight has tightened, expert legal advice is vital for successful and value-driven transactions. The market for M&A legal services in Poland is thriving, with top-tier law firms playing a crucial role in facilitating deals.