Software and ICT Services - Nordic Sector Report - H1 2024

The first six months of 2024 the Nordic M&A market for software and ICT services experienced a moderate level of activity. Compared to the first half of 2023, there was a slight decrease in the number of transactions, reflecting cautious behavior among investors amidst global economic uncertainties.

In challenging times, insight and understanding of one’s own company, along with accurate data and figures, become more critical than ever. Technologies such as artificial intelligence (AI), machine learning, and automation are becoming increasingly widespread and will play a crucial role in enhancing efficiency and productivity across various industries. In a way, every company is evolving into a ”tech company”, with technology becoming the core of their business.

To manage all this technology and data, the demand for cloud-based services and infrastructures is growing. Companies are striving to optimize their IT resources by migrating to the cloud to enable scalability, flexibility, and cost-effectiveness. We see a clear trend where many buyers, both industrial and financial, are looking to secure a position in this niche through acquisitions.

Looking forward, M&A activity in the software and ICT services sector is expected to pick up in the second half of 2024, driven by continued consolidation in the cloud and AI sectors. Private equity firms are likely to become more active, seeking to capitalize on market shifts and technological advancements. Tech companies specializing in mission-critical software, cloud services, cybersecurity, and AI remain attractive targets for both domestic and international buyers.

DOWNLOAD FULL REPORT BELOW: