MARKETS1 October 2026· 16 min
European Tech M&A 2026: Valuations, Multiples & Weak Signals
As European tech M&A enters a new cycle, valuation multiples are repricing across verticals. This premium analysis decodes the hidden signals, sector-by-sector data, and actionable frameworks that will define deal-making in 2026.
SOURCES
[1]European Private Equity & Venture Capital Association (Invest Europe) — 2024 European Private Equity Activity Report
[2]Pitchbook European M&A League Tables Q1–Q2 2025
[3]European Patent Office — Annual Patent Filing Statistics by IPC Classification 2024–2025
[4]McKinsey & Company — European Tech M&A Integration Study 2024
[5]European Commission — EU Foreign Subsidies Regulation Annual Review 2024, DG COMP
[6]Refinitiv/LSEG — European Technology M&A Transaction Multiples Database 2024–2025
[7]Revelio Labs — European Senior Engineer Talent Migration Report Q1 2025
[8]Atomico — State of European Tech 2024 Report
[9]White & Case LLP — EU Foreign Investment Screening Developments 2024–2025
[10]Goldman Sachs Investment Research — European Software Sector Valuation Update, March 2025