Nordic Tech M&A Outlook Q1-2024

In the first quarter of 2024 the technology industry saw 87 transactions within the technology industry, which is similar to the previous quarters. While public markets have rebounded over the past year, small to medium-sized Nordic IT services and consulting companies still trade at historically low levels.

Despite this, the SaaS market remains robust, with Q1 2024 slightly exceeding the average volume over the last twelve months. Private equity remains active in the Nordic private SaaS market, driven by significant funds available and a focus on recurring revenue streams. While there was a slight decline in activity for IT services and consulting compared to previous quarters, Q1 2024 volumes remain consistent with pre-COVID years.

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.