IndustryViews Corporate Activity Q4 2023

Merger and acquisition (M&A) activity in the UK software and IT services (SITS) sector reversed several quarters of decline in Q4, with an uptick in both acquisitions by and sales of UK SITS companies. 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 77 acquisitions by and 75 sales of UK SITS companies in Q3 2023, compared to 62 and 68 respectively in Q3.

Analysis of the data shows that most of the upturn is accounted for in intra-UK deals. And whilst some increase is expected in Q4 relative to the quieter summer months, acquisitions by UK buyers climbed above sales by UK vendors for the first time since 2020, suggesting a renewed confidence by UK SITS companies after a difficult year in 2023.

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

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