Nordic Tech M&A Outlook Q2 2023

The number of tech transactions executed in Q2-2023 represents a significant increase on Q1-2023. The Q2 figures are on a par with Q4-2022. Public Micro Cap IT consulting companies have rebounded from the Russia-Ukraine war outbreak slump, while Public Micro Cap Saas companies are still lagging behind, as investors retain a risk-averse stance on growth investments.

Software market activity is stable, with Q2-2023 slightly above LTM level, and a total of 48 transactions were executed over the period. Following a slow start to the year, IT Services and Consulting rebounded to 2022 levels in Q2-2023. M&A volumes were up by 65% over Q1-2023. The Nordic vertical software market is seeing strong competition, with vertical software accounting for a large share of total M&A software transactions.

Stratema’s quarterly Nordic Tech M&A Outlook is grounded in our extensive proprietary transaction database and exclusive Nordic Tech M&A indices. These are a testament to our ongoing detailed research and profound understanding of the sector.