驱动新一波并购浪潮的是一系列小额交易，其原因在于行业参与者正步步为营、

驱动新一波并购浪潮的是一系列小额交易，其原因在于行业参与者正步步为营、张弛有度地拓宽其投资组合；在专注核心业务的同时，以更审慎的方式进行扩张。

結果 (英文) 1:

Driving a new wave of mergers and acquisitions are a series of small transactions, the reason is that the industry participants are at every step, a degree of relaxation to widen its portfolio; while focusing on core business, expand in a more prudent manner.

結果 (英文) 2:

Driving a new wave of M & A wave is a series of small transactions, owing to industry participants is at every step, a degree of relaxation to broaden its portfolio; focus on core business at the same time, a more cautious approach to expansion.

結果 (英文) 3:

Driving a new wave of mergers and acquisitions is a series of small transactions, the reason is that the industry participants are at every step, Zhang Chiyou to broaden its portfolio; focus on the core business at the same time, the expansion of a more cautious approach.