Technology sector update | Q1 2023 M&A report

Articles

08 May 2023

The technology sector has largely outperformed the broader market in 1Q23 as recessionary fears for 2023 have not yet materialized.

Greek tech companies are looking to obtain specialized software solutions through acquisitions to expand their product offering and client base. Small buyouts are on the rise with industry leaders looking for digestible product tuck-ins. Software solutions for vital sectors of the Greek economy such as hospitality and logistics are in the spotlight.

European M&A activity has increased compared to 4Q22 by 9.5% in 1Q23. Strategic buyers are increasingly focusing on small-sized deals while funds are pursuing bolt-on acquisitions as they look for certainty both from a valuation and debt availability point of view.

We expect transactions to edge higher in 2Q23 as sellers realign their valuation expectations.