Thursday 23 November 2023

*NEW RESEARCH* Continued decline in UK SITS M&A activity in Q3 2023

chart q3 2023Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector continued to decline in Q3 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 62 acquisitions by and 68 sales of UK SITS companies in Q3 2023, compared to 68 and 90 respectively in Q2. This data includes deals announced, as well as those closed.

The drop relative to recent quarters is largely due to fewer acquisitions by North American companies, with M&A by UK players remaining fairly steady. And whilst these figures look low in the context of M&A activity in recent years, it is worth bearing in mind that Q3 is traditionally a quieter period than other times in the year. The true test of market sentiment will be in the coming quarters, with hopes that stabilising interest rates and improved macroeconomic conditions will lead to greater confidence amongst buyers.

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q3 2023 edition of IndustryViews Corporate Activity.

Posted by Tania Wilson at '16:00' - Tagged: M&A   acquisitions  

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