Quarterly Tech M&A Update | Q4 2024
M&A market developments and valuation environment in the fourth quarter
M&A activity in the European and German tech markets continued its upward trajectory in Q4 2024, building on the growth momentum observed in the previous quarter.
M&A activity in the European and German tech markets continued its upward trajectory in Q4 2024, building on the growth observed in the previous quarter. European tech transactions rose significantly by 14%, from 625 to 714 deals, reflecting a favorable market environment for sellers.
Strategic investors were the dominant acquirers, accounting for over 92% of transactions. Both strategic and financial buyers maintained a strong focus on international M&A strategies, with 55% of deals being cross-border.
The IT services industry experienced a significant increase in transactions by over 30%, underscoring its appeal to investors. In contrast, deal activity in the semiconductor and system software sectors declined during the same period.
In our M&A update, we analyze the current valuation environment in the tech sector, focusing on the following key developments:
- European M&A activity, with background information on selected transactions
- Current valuation levels in Europe and Germany
- Trends across various subsegments in the tech stock market
We hope you find this report insightful and look forward to further discussions with you.
Your TMT team at Oaklins Germany
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