The SaaS segment saw 53 transactions in Q1 26, marginally down from 54 in Q4 25 and in line with normal levels. Vertical software remains the dominant category, accounting for 64% of software transactions. The IT services and consulting segment contracted sharply to 23 transactions — the lowest level since early 2024 — with hosting and IT services accounting for more than half of transactions in the quarter.
Nordic buyers accounted for 81% of SaaS acquisitions in Q1 26. 40% of non-Nordic buyers were US investors, up from 16% in the previous quarter (32% in total over the last twelve months), consolidating their position as the most active international buyer group in the Nordic SaaS market.
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