MARCHÉS21 août 2026· 16 min
European Tech M&A 2026: Valuations, Multiples & Weak Signals
As European tech dealmaking enters a recalibration cycle, understanding compressed multiples, sector bifurcation and early weak signals is critical. This premium analysis delivers a data-driven methodology to identify acquisition targets before the market reprices them.
SOURCES
[1]PitchBook European Tech M&A Report Q3 2025 — Deal volumes, multiples, and sector breakdown
[2]Dealogic EMEA Technology M&A Quarterly Review 2024–2025 — Transaction value and deal count data
[3]European Investment Fund (EIF) Annual Report 2024 — LP distribution pressure and portfolio exit timelines
[4]EU AI Act Implementation Tracker, European Commission Digital Single Market Observatory, Q2 2025
[5]GP Bullhound European Technology Report 2025 — Valuation multiples by subsector and cross-border acquirer analysis
[6]Orrick/Linklaters European VC & Tech M&A Legal Trends Survey 2025 — Deal structure and regulatory risk data
[7]ECB Monetary Policy Decisions and Rate Trajectory, European Central Bank Official Communications 2024–2026