The software sector showed resilience with 119 transactions in H1 2024, a slight increase from the same period in 2023. However, global economic uncertainty has led investors to prioritize profitability and stable revenue over hyper-growth. Private equity firms played a significant role, contributing to over half of the transactions, signaling continued consolidation and anticipated growth in the sector.

Technologies like AI, machine learning, and automation are rapidly gaining traction, enhancing efficiency across industries. The Nordic region, known for its innovative software companies, is expected to see heightened interest from foreign buyers, who accounted for 57% of all announced transactions during the period.

In contrast, the ICT services sector saw a 25% decline in M&A activity compared to H1 2023, driven by reduced demand, cautious projections from major IT services companies, and decreasing valuations of publicly listed companies.

The full report can be downloaded from the link below.

IMAP Sector Report - Software and ICT services in the Nordics - H1 2024