The KP Tech Insights series starts with a full-year review 2023 of the M&A and corporate finance market in the IT Consulting & IT Services industry. Our M&A reports are focused on Europe. We will keep you up to date on the development of the most relevant M&A deal multiples, current M&A transactions, the latest M&A trends and background information. From 2024, KP Tech plans to publish these reports every six months.
Our IT Consulting & IT Services – M&A and Corporate Finance reports cover a wide range of topics:
- Executive Summary: Overview of M&A activities
- M&A activity in the IT Consulting & IT Services sector in Germany, Austria, Switzerland, Europe and worldwide on an annual basis
- Transaction values on a quarterly basis in Europe and the USA
- The six most outstanding acquisitions of the half-year in the IT Consulting & IT Services sector
- Further significant transactions from strategists and private equity
- Changes in M&A multiples in IT Consulting and IT Services
- Listed IT Consulting & IT Services companies in Europe divided into subsectors
- Development of share prices in Europe
- Development of EV/Revenue & EV/EBITDA multiples by subsector in Europe
- Global take-private deals in the IT Consulting & IT Services sector (stock exchange delisting)

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Q1-Q2 2024 verfügbar ab Herbst 2024
Excerpts from the IT Consulting & IT Services M&A and Corporate Finance Report 2023

M&A multiples in the IT consulting & IT services sector 2023
In 2023, valuation multiples experienced a correction but remained higher than pre-COVID levels. While the company valuations of strategists in the IT Consulting & IT Services sector have remained almost stable over the years since 2018, the valuations of financial investors initially rose continuously and fell from 5.5x to 4.0x (EV/LTM revenue) in 2023.
EV/Revenue & EV/EBITDA multiples for subsectors
Peak valuations were initially driven by a surge in demand for IT Consulting & IT Services during COVID-19 but have since declined.


Top 6 IT Consulting / IT Services acquisitions in Europe in 2023
The undisputed top IT Consulting/ IT Services transaction in 2023 was the acquisition of Software AG, which was taken over by SilverLake in April. In 2nd place is the acquisition of the Engineering Solutions division of S&P Global by KKR. Discover in our report which other top transactions were made in 2023!
Other important IT Consulting / IT Services M&A transactions in Europe
The transactions are divided into strategic buyers and private equity.


Universe of publicly traded IT Consulting / IT Services companies classified into subsectors
In our reports, you will find a list of listed companies in the five subsectors “IT Consulting & Services”, “Cloud”, “Internet Service and Infrastructure”, “Cybersecurity” and “BI & Analytics”.
Can we help you?
KP Tech Corporate Finance has been a successful M&A boutique for more than 20 years, working for clients in a wide range of sectors. We respond quickly to complex mergers & acquisitions and corporate finance situations and help our clients to analyze, structure, negotiate and successfully close the best possible solutions from both a strategic and financial perspective.
Our consulting services:
Selected transactions by KP Tech







KP Tech - M&A and Corporate Finance Magazine
Dig deeper into background information, current trends and the very latest developments in the M&A and corporate finance market.
Company valuation with multiples – multiples method
List: Private Equity Companies & Top Investors Germany, Austria, Switzerland
List with >250 venture capital investors in Germany, Austria, Switzerland
Due Diligence Checklist – Buying a Company – Selling a Company
Alternatives to acquiring a company via an asset deal or a share deal
Valuing a company – calculating the company value

Would you like more information?
As an owner-managed and independent management consultancy, we specialise in corporate finance consulting. The focal points of our M&A consulting are the topics: Company sale, company acquisition, company valuation, company succession as well as advice on private equity transactions.
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