22.08.23 | Reports

Nordic Tech M&A Outlook Q2-2023

The report provides an up-to-date overview of Nordic tech transactions in Q2-2023, with a focus on small-cap and mid-cap companies.

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.


Stratema Nordic Tech M&A Outlook Report


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