Goldman, JPMorgan See Germany Leading Deals Revival in Europe

German dealmaking activity is poised to see the strongest revival in Europe thanks to a new €500 billion ($576 billion) government fund for infrastructure and climate projects, according to Goldman Sachs Group Inc. and JPMorgan Chase & Co.

Deals involving German companies amount to about $79 billion so far this year, an about 50% increase from the same period in 2024, according to data compiled by Bloomberg. Outbound investments by German companies are leading the chart, including Siemens AG’s proposed $5.1 billion takeover of R&D software maker Dotmatics and Merck KGaA’s deal for Springworks Therapeutics Inc. in the US.