MARCHÉS30 juin 2026· 16 min
European Tech M&A 2026: Valuations, Multiples & Weak Signals
European tech M&A is entering a pivotal recalibration phase. This report decodes current valuation multiples, sector-specific compression trends, and the weak signals that will define the next acquisition wave — with actionable frameworks for acquirers and targets.
SOURCES
[1]PitchBook European Tech M&A Report Q1 2025 — deal volume, valuation multiples, Rule of 40 analysis
[2]Mergermarket European M&A Trend Report 2024 — transaction count, deal value by geography and sector
[3]European Commission Merger Regulation Annual Review 2024 — pre-notification timelines, EUMR reform implementation
[4]Thales Group Annual Report 2024 — Imperva integration synergy realization, cybersecurity revenue data
[5]Hg Capital / Visma Annual Review 2024 — acquisition criteria, earn-out structures, portfolio ARR metrics
[6]European Patent Office Open Patent Services API — patent citation network methodology
[7]ENISA Threat Landscape Report 2024 — cybersecurity market sizing and consolidation trends
[8]Bain & Company Global Private Equity Report 2025 — European PE hold periods, unrealized value estimates
[9]ReArm Europe / European Defence Investment Programme — €100B program details, dual-use technology implications
[10]EU Data Act Implementation Guidelines 2024 — data sovereignty requirements and compliance timelines