Friday 18 August 2023

*NEW RESEARCH* Merger and acquisition activity in the UK SITS sector slows again in Q2 2023

MandA chart Q2 2023Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector declined for the fourth successive quarter in Q2 2023. 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 68 acquisitions by and 90 sales of UK SITS companies in Q2 2023, compared to 83 and 107 respectively in Q1. This data includes deals announced, as well as those closed.

The continuing decline in deal activity comes amid higher interest rates and ongoing economic uncertainty, which have hit market confidence. However, it is worth noting that Q2 2023 deal volumes are still in line with those seen in the pre-Covid period and could simply represent a normalisation of activity levels as economies continue to settle post-pandemic.​

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q2 2023 edition of IndustryViews Corporate Activity.

Posted by Tania Wilson at '15:42' - Tagged: acquisition   M&A