Monday 05 June 2023

*NEW RESEARCH* Merger and acquisition activity in UK SITS declines in Q1 2023

MandA chart Q1 2023Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector declined again in Q1 2023, remaining considerably lower than the peak level of activity seen in 2021 and early 2022. 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 83 acquisitions by and 107 sales of UK SITS companies in Q1 2023, compared to 96 and 109 respectively in Q4 2022. This data includes deals announced, as well as those closed. However although these figures represent a drop in activity relative to the pandemic peak in 2021/22, they are in line with pre-Covid deal volumes.

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q1 2023 edition of IndustryViews Corporate Activity.

Posted by Tania Wilson at '10:02' - Tagged: M&A   acquisitions