The M&A landscape in the European TMT sector is experiencing a cautious recovery. Compared to the third quarter of the previous year, the number and volume of announced transactions have increased significantly. Following three cuts in the key interest rate by the European Central Bank to date, concerns about further interest rate hikes to curb inflation and the associated fears of recession have eased somewhat. Nevertheless, the macroeconomic environment remains challenging. The nominally high interest rates present financial investors in particular with the challenge of achieving attractive returns, which means that we are still seeing increased activity from strategic buyers who are taking advantage of the overall fall in valuation levels to grow inorganically.

This SektorReport focuses on the intralogistics industry, which is enjoying an enormous tailwind due to structural trends. Solution providers in this segment, especially those offering digital solutions, are attractive assets for companies looking to expand their logistics offering or for investors looking to acquire a specialist in a growing niche with an attractive business model.

In the Deal Report we examine the public takeover bid by Ipsos for infas, which represents a significant transaction in the market for opinion research and further expands Ipsos' position in Germany.

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