MARCHÉS16 juillet 2026· 16 min

European Tech M&A 2026: Valuations, Multiples & Weak Signals

As European tech M&A rebounds from its 2022-2023 trough, valuation multiples are diverging sharply across verticals. This premium analysis decodes the pricing logic, identifies emerging weak signals, and delivers a prioritized playbook for acquirers and targets alike.

Équipe éditoriale InekIA

LI X

SOURCES

[1]Pitchbook European Tech M&A Report Q4 2024 — Transaction database and multiple benchmarks

[2]European Patent Office (EPO) — Patent filing statistics and cross-citation analytics, 2022-2024

[3]EU Tenders Electronic Daily (TED) — Public procurement database for energy and defense sectors

[4]Dealogic European Technology M&A League Tables 2024 — Cross-border deal volume and acquirer breakdown

[5]Hg Capital Annual Review 2024 — European B2B SaaS operational benchmarks and exit multiples

[6]European Commission — Foreign Subsidies Regulation implementation reports and NIS2 Directive compliance statistics

[7]McKinsey Global Institute — 'The State of AI in European Enterprise Software' (2024)

[8]Bain & Company — Global Private Equity Report 2025, European Technology Chapter