Nordic Tech M&A Outlook Q3-2022

Despite a recent slowdown in the Nordic tech M&A market, volumes are still high compared to pre-Covid levels. A salient feature is the continuation of strong cross-border activity, in particular for the Nordic software market. A substantial number of non-Nordic acquirers have entered this market, in particular from across the Atlantic.

With the Nordic SaaS index down 46% in the last year, software companies with healthy profitability offer exciting opportunities for public-to-private transactions at attractive prices. Companies in IT services and hosting, as well as tech consulting, have also seen their pricing decline significantly in the last year, thereby also offering the prospect of keenly priced transactions for market players ready to make a well-timed move.

Stratema’s quarterly Nordic Tech M&A Outlook is based on our extensive proprietary transaction database and proprietary Nordic tech M&A indices, reflecting our detailed ongoing research and in-depth understanding of this sector.