Tech mergers to drive activity

The sale of state assets and deals among tech firms are expected to drive growth in Ireland’s merger and acquisitions sector this year.

Leading corporate law firm William Fry said M&A activity this year should capitalise on a steady showing last year.

“The M&A market in Ireland appears to be on the path to recovery and, albeit against a backdrop of continued global economic uncertainties, there is cause to be hopeful of good performance in 2013 across a variety of sectors — particularly technology, pharmaceutical, medical, and biotechnology,” said Bryan Bourke, partner and head of corporate and M&A at William Fry.