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KP Tech Insights – IT Consulting & IT Services M&A and Corporate Finance Report

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Michael Klumpp

Author: Michael Klumpp

Michael Klumpp is the co-founder and managing director of KP Tech. He studied business administration in Stuttgart and has more than 26 years of experience in corporate finance consulting and private equity.

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)

Excerpts from the IT Consulting & IT Services M&A and Corporate Finance Report 2023

Kp tech it consulting services report multiples 2023 e

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.

Kp tech it consulting services report multiples subsectors 2023
Kp tech it consulting services report transactions 2023

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.

Kp tech it consulting services report transactions 2 2023
Kp tech it consulting services report publicly traded 2023

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

Claranet GmbH
has acquired
AddOn AG
Bildmarke
KP Tech exclusively advised Claranet GmbH on this transaction.
comselect GmbH
has been acquired by
Assist Digital Spa
Bildmarke
KP Tech exclusively advised comselect GmbH on this transaction.
ILK Internet GmbH
has been acquired by
audius SE
Bildmarke
KP Tech exclusively advised audius SE on this transaction.
S&P Solutions GmbH
has been acquired by
Elvaston Capital Management GmbH
Bildmarke
KP Tech exclusively advised S&P Solutions GmbH on this transaction.

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.

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Private Equity - Venture Capital - Family Offices Investors List - Private Equity Investors List: Overview of investment companies and investors investing in Germany, Austria and Switzerland Equity [...]

List with >250 venture capital investors in Germany, Austria, Switzerland

List of >250 venture capital companies investing in Germany, Austria and Switzerland: Seed Investors - Early Stage Venture Capital - Venture Capital - Growth Financing - Early Stage VC Funds - [...]

Due Diligence Checklist – Buying a Company – Selling a Company

Due Diligence Checklist - Acquisition of a company - Sale of a company: Below you will find an exemplary (short version) of a due diligence checklist from practice, which can be used in the context [...]

Alternatives to acquiring a company via an asset deal or a share deal

Alternatives to the acquisition of a company via an asset deal or a share deal: As an alternative to an acquisition of a company, various forms of cooperation as well as a hidden acquisition of a [...]

Valuing a company – calculating the company value

Creating a company valuation or having it created: If you search the Internet for the terms "valuing a company" or "calculating the value of a company", "valuing a company" or "company valuation", [...]
Kontakt KP Tech Corporate Finance M&A Consulting Deutschland Österreich Schweiz

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.

Contact us in strict confidence at

Phone +49 89 21536609-0
Contact form

Michael Klumpp

Author: Michael Klumpp

Magazine: Overview > KP Tech Insights – IT Consulting & IT Services M&A and Corporate Finance Report