In the context of the dynamics of the modern external environment, the importance of
risk management in general and the risks inherent in the processes of mergers and acquisitions has
sharply increased. This is becoming one of the primary challenges in business, the solution of which
will contribute to economic growth and development. In this article, based on a broad review of
literature, the key risks of mergers and acquisitions are identified and classified, the level of their
significance is assessed, the relevant management tools are selected for each risk and a computer
program is developed that implements the selection of tools for each specific merger and acquisition
transaction. A comprehensive automated methodology for the selection of risk management tools in
the implementation of mergers and acquisitions can become an effective risk management tool for
companies participating in such transactions. This will allow to identify and track risks in a timely
manner, assess their significance, and, among other things, contribute to the adoption of effective
management decisions regarding risk management.