Chemicals sector update | Q1 2023 M&A report


07 June 2023

  • Greek chemical companies are investing in digital transformation to improve products and manufacturing processes
  • Green energy is becoming increasingly important for own energy efficiency and as a product / growth driver
  • M&A activity remained muted during the first quarter of the year, decreasing by 10% compared to Q4 2022,  mostly attributed to valuation mismatch between buyers and sellers on the back of changing macroeconomic environment
  • All chemicals sub-sectors have witnessed an increase in multiples in Q1 2023 compared to the end of last year