MARCHÉS27 août 2026· 16 min

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

European tech M&A is entering a recalibration phase: deal volumes rebounded 23% in H2 2024, yet median EV/Revenue multiples compressed to 4.2x. This report decodes the valuation architecture, emerging sector fault lines, and the weak signals that precede transformative acquisitions.

Équipe éditoriale InekIA

LI X

SOURCES

[1]Dealroom.co European Tech Report Q1 2025 — Transaction Database and Multiple Benchmarks

[2]Pitchbook European PE & VC Breakdown 2024 Annual Report — Deal Volume and Buyer Composition

[3]European Patent Office (EPO) Espacenet Bulk Data — Patent Filing Acceleration Methodology

[4]European Banking Authority (EBA) PSD2 Compliance Reports 2023–2024 — Open Banking Signal Framework

[5]McKinsey & Company 'European Tech M&A: The New Playbook' (2024) — Valuation Driver Regression Methodology

[6]Mergermarket European M&A Deal Flow Database 2023–2024 — Geographic and Sector Breakdown

[7]KPMG 'Pulse of Fintech H2 2024' — Fintech Valuation Benchmarks and Transaction Comparables

[8]EU Official Journal — NIS2 Directive Transposition Tracker and AI Act Conformity Assessment Registry