IndustryViews Corporate Activity Q3 2023

Merger 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.

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.

See more in this edition of IndustryViews Corporate Activity, our quarterly review of UK SITS M&A.

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