Following the global economic shockwaves meted out by the effects of the COVID-19 pandemic through 2020, the year 2021 is proving to be among the robust ever for mergers and acquisitions activity.

Despite the pandemic, 2020 ended as an excellent year for the M & A sector. The first six months of 2021 is shaping up to make it an even better year. Three out of those six months have set records.

Some of the most significant M & A deals include:

$30 Billion — Canadian National Railway (CN) Acquires Kansas City Southern (KCS)

It’s the biggest deal so far for 2021, valued at $30 billion. The big caveat, however, is that government regulators could still topple the transaction on antitrust grounds. However, if the merger can stand, it would create an integrated logistics company that sprawls across Canada, the United States, and Mexico.

Despite the rumbling of antitrust violations, CN CEO Jean-Jacques Ruest said the merger of the two rail giants would create more competition, not less. Time will tell.

$26 Billion — Rogers Communication Acquires Rogers Communication

In a deal worth $26 billion, the Canadian behemoth Rogers Communications will acquire fellow Great White North firm Shaw Communications. Here again, the cloud of antitrust action looms large in the background. This M & A is broadly opposed by consumer groups who call it a bad deal for consumers.

Even so, the now combined company has promised to invest $2.5 billion in 5G infrastructure over the next ten years. That will provide widespread benefits to millions of consumers.

$22 Billion – Vonovia Acquires Deutsche Wohnen

This is a deal that will combine the two largest residential property entities in Germany. At $22 billion, it’s by far the largest M & A in all of Europe for 2021. The newly formed company will command more than 500,000 properties. This is the third attempt by Vonovia to nab Deutsche Wohnen. It looks like three times is the charm in this case.

$20 Billion – Microsoft Acquires Nuance Corporation

This acquisition by Microsoft will dramatically increase its position in the healthcare sector. About 55% of American physicians use Nuance products, as do 75% of radiologists. More than 77% of hospitals employ Nuance software solutions.