*NEW RESEARCH* UK tech buyers hold up as cross-border deals fade

UK software and IT services (SITS) sector merger and acquisition activity in Q2 fell back to the level last seen in Q1 2018 as COVID-19 restrictions took effect, according to latest data from technology investment bank, Silverpeak.

There were 54 UK buyers and 59 UK sellers during Q2, down from 69 and 83 respectively in Q1.  However, the number of domestic deals remained steady with 32 deals in Q2 compared with 31 in Q1. The major shortfall in the number of transactions during Q2 was the sharp reduction in cross border deals

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read our quarterly summary of corporate activity in the UK SITS sector in our latest report, IndustryViews Corporate Activity – Q2 2020, downloadable now.

Posted by HotViews Editor at '08:19' - Tagged: acquisition