There were 330 transactions in Poland’s mergers and acquisitions (M&A) market in 2025, approximately 20% of which (both inbound and outbound) came from the technology, media, and telecommunications (TMT) sector, the most active segment on the market.1
Notable inbound transactions included OpenAI’s acquisition of Neptune Labs (Neptune.ai), TSS Europe’s investment in Asseco Poland (over PLN 1 billion), and CGI’s purchase of Comarch’s public administration software business in Poland.
The data suggests that the deal flow in 2025 was driven mainly by strategic capability expansion rather than opportunistic consolidation. This suggests that, despite slightly lower number of transactions as compared to 2024, Poland remains well positioned for sustained investment in 2026.