Technology M&A 2024 - Switzerland

1. Market Trends

1.1 Technology M&A Market

Numerous challenges, such as high inflation, rising interest rates, a strong Swiss franc, turbulences in the financial sector and the ongoing war in the Ukraine, were posed on the deal activity in 2023. Against this background and despite a general slow-down of the Swiss economy, the Swiss technology sector remained resilient with M&A activity showing a continuing upward trend. M&A activity in the TMT sector showed the strongest quarter on record in the first three months of 2023. With regard to M&A transactions, it is noteworthy that the entire process usually takes longer and involves protracted commercial negotiations due to valuation gaps and the parties' future earning expectations.