Australia saw the largest volume of sellers through September 2024 at 89%, followed by New Zealand at 11%.

Looking at buyers of Australia and New Zealand-based companies, regional demand for tech firms was strong. Australia was home to 41% of buyers and New Zealand represented an additional 3%. Outside of the ANZ region, the US was the headquarters of 25% of buyers followed by United Kingdom at 10% and France at 3%. Overall, 60% of acquisitions were cross-border deals.