Wednesday 01 December 2021

*NEW RESEARCH* Merger and acquisition activity in the UK SITS sector rises again in Q3

q3 2021 corporate activity graphicMerger and acquisition activity in the UK software and IT services (SITS) sector rose again in Q3 2021, according to data from technology investment banSilverpeak. There were 123 acquisitions by and 140 sales of UK companies, up from 100 and 122 respectively in Q2 and on a par with the previous peak of 114 and 141 respectively in Q1.

As discussed in our Q2 2021 report, the dip seen in Q2 was likely due to deals having been accelerated in Q1 in anticipation of changes to the Capital Gains Tax (CGT) regime in the March budget, which in the end did not come to pass. That led to speculation of changes in the October budget, which may in turn have driven deals higher again in Q3.

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q3 2021 edition of IndustryViews Corporate Activity

Posted by Tania Wilson at '09:34' - Tagged: acquisition   M&A