Valuations of Nordic SME tech companies indicate that publicly listed software firms are, on average, trading at around 3.5x EV/Sales. EV/EBITDA multiples for IT services and consulting firms have remained stable between 9.2x and 9.8x over recent quarters, while EV/Sales has increased.
Foreign buyers maintained a strong presence in the Nordic SaaS market. 33% of Q2 transactions involved international acquirers, with US investors accounting for 42% of those. This reflects continued interest in the region’s attractive valuation levels, currency dynamics, and solid exit opportunities.
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Stratema’s quarterly Nordic Tech M&A Outlook draws from our comprehensive proprietary transaction database and Nordic Tech M&A indices, reflecting our ongoing, in-depth research and deep expertise in the sector.
