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Price-to-Sales ratios (PSR) of European tech M&A deals continued their upwards trend last month while Price-to-Earnings (P/E) ratios continued to ease, according to latest data from corporate finance firm Regent Partners. This rather suggests that buyer focus is more heavily weighted towards the top line than the bottom, perhaps not surprisingly as players attempt to gain share in a moribund market.
There was a little M&A activity involving UK software and IT services companies in January, including Anite’s acquisition of Propsim (see here) and that of Visimterics by Digital Barriers (see here). Eligible TechMarketView subscription service clients can read our round-up of corporate activity in the UK software and IT services scene in our year-end edition of IndustryViews Corporate Activity.
