MARCHÉS4 juin 2026· 16 min
European Tech M&A 2026: Valuations, Multiples & Weak Signals
Europe's tech M&A market is recalibrating after two years of compressed multiples. This deep-dive decodes current valuation benchmarks, sector-specific deal dynamics, and the weak signals that anticipate the next acquisition wave—giving strategic buyers a measurable edge.
SOURCES
[1]PitchBook European Venture & M&A Report H1 2025 — Quarterly Deal Activity and Valuation Benchmarks
[2]Dealroom.co European Tech M&A Monitor 2025 — Sub-sector Multiple Tracking and Transaction Database
[3]European Commission DG COMP — Merger Case Statistics and Notification Data 2024–2025 (ec.europa.eu/competition)
[4]Bundesverband Digitale Wirtschaft (BVDW) / Bitkom — AI Adoption in German Industry Survey 2024
[5]European Investment Bank (EIB) — Restoring European Competitiveness: Deep Tech and Defense Investment Report 2025