Nordic Tech M&A Outlook Q4 2022

Despite a recent slowdown in the Nordic tech M&A market in comparison with 2021, the number of transactions in 2022 is on a par with 2020 figures. Volumes are still high compared to pre-Covid levels.

Tech companies with healthy profitability offer exciting opportunities for public-to-private transactions at attractive prices, as public software, IT services and consulting companies are trading at comparatively low multiples at the end of 2022.

Tech consulting services within digital transformation, design, artificial intelligence, machine learning, business intelligence, analytics and cybersecurity solutions are seeing strong demand.

Although prices fell somewhat in 2022 as volumes levelled off, pricing levels for private Nordic SaaS targets are still above pre-pandemic levels.

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.