*NEW RESEARCH* Merger and acquisition activity in the UK SITS sector slows in Q3 2022

Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector slowed during Q3 2022, as the impact of the economic downturn started to be felt. This is according to data from Silverpeak, the mid-market technology specialists that represent European growth businesses in M&A and financing transactions.

There were 91 acquisitions by and 115 sales of UK SITS companies in Q3, compared to 124 and 132 respectively in Q2. This data includes deals announced, as well as those closed.

However, although these figures represent a sizeable drop in deals from the levels seen from late 2020 to Q2 2022, the figures are still above pre-pandemic norms. As valuations of tech companies fall, so it would appear there is appetite for offers from both private and public buyers with available cash, able to take advantage of reduced prices to bolster their own growth prospects.

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q3 2022 edition of IndustryViews Corporate Activity.

Posted by Tania Wilson at '15:04' - Tagged: acquisition   M&A