MARKETS9 June 2026· 16 min

European Tech M&A 2026: Valuations, Multiples & Weak Signals You Can't Ignore

European tech M&A is entering a recalibration phase: compressed multiples, sector bifurcation, and five measurable weak signals are already reshaping deal flow. This analysis equips dealmakers and strategists with the quantitative framework to act before the market reprices.

InekIA Editorial Team

LI X

SOURCES

[1]PitchBook European M&A & VC Report Q1 2025 — pitchbook.com

[2]Refinitiv (LSEG) European M&A Review 2024 Full Year — lseg.com/refinitiv

[3]European Patent Office (EPO) Espacenet Patent Transaction Database — epo.org

[4]Setter Capital Secondary Market Volume Report H2 2024 — settercapital.com

[5]European Commission Digital Markets Act Enforcement Updates 2024–2025 — ec.europa.eu/dma

[6]KPMG European Tech M&A Insights 2025 — kpmg.com/europetechma

[7]Dealroom.co European Venture & M&A Activity Tracker Q1 2025 — dealroom.co

[8]BVP Nasdaq Emerging Cloud Index (EV/Revenue Benchmarks) — bvp.com/nasdaq-emcloud