Nordic Tech M&A Outlook Q1-2023 hot off the press

Although the Nordic Tech M&A market has been off to a somewhat slow start in 2023, volumes are still on a par with pre-pandemic levels.

Private equity and sponsor-backed acquirers continue to show a keen interest in Nordic SaaS M&A despite the increased cost of capital, having accounted for a majority of Q1 2023 transactions.

Verticals such as PropTech and ConTech are still facing high demand, and vast amounts of dry powder are being widely cited as the main PE activity driver for the upcoming six months.

Tech specialists such as developers and ERP/CRM providers account for the majority of IT services and consulting transactions. Although Nordic IT services M&A volumes were lower in Q1 2023 than in preceding quarters, activity levels were similar to the same period last year.

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.