Firms taking M&A route to innovation: EY

Singapore

INNOVATING in-house is no longer enough, a new study by EY has concluded. With constraints around time and capital, large enterprises are turning to mergers and acquisitions (M&A), joint ventures (JVs) and alliances to get the innovation they need.

The inaugural EY Digital Deal Economy study done in March found that over two-thirds (67 per cent) of the more than 600 corporate executives polled said they plan to use M&A to obtain their digital capabilities - rather than build them internally - over the next two to three years.