* NEW RESEARCH * US tops UK 'must-buy' list in 2017

Domestic merger and acquisition activity in the UK software and IT services (SITS) sector during 2017 was 16% lower than in 2016, and there was reduced interest in UK companies from overseas buyers – down 20%.

According to data from corporate finance firm, Regent Partners, UK SITS buyers accounted for 344 buy-side transactions, down 8% from 2016, and there were 360 sell side transactions, down 18% yoy. The main exception to the downward M&A trend was the number of acquisitions of North American companies by UK buyers, which increased 62% yoy to 68 deals in 2017, up from 42 in 2016.

Subscribers to the TechMarketView Foundation Service can read more in our latest report IndustryViews Corporate Activity – 2017 Review.

Posted by HotViews Editor at '07:29' - Tagged: acquisition