KPMG’s 2021 CEO Outlook survey finds that Canadian companies of all sizes see mergers and acquisitions as a key element in their growth plans.
With just under 90 per cent of CEOs confident in their own company’s growth prospects, the survey found that M&A activity appears to be critical to powering this growth and acquiring digital capability—87 per cent of respondents say they’re looking to make deals in the next three years.
An astounding 96 per cent of CEOs at large companies say making deals is a major growth driver, up from 86 per cent last year. More than half will probably make acquisitions in the next three years. For 65 per cent, M&A, joint ventures or strategic alliances are the top growth strategy.
At SMEs, while three quarters of CEOs are looking to organic growth, 46 per cent also say M&A activity is part of their growth strategy.
Read the full report.