Particularly noteworthy is the total value of deals for the first quarter of this year, where we observe a solid start to 2025. With an aggregate announced value of EUR52.8bn, this is higher than all preceding quarters going back to the second quarter of 2022. Additionally, we note that values for the first half surpass those of the second half of 2024.
The unknown factor, as we have observed repeatedly over recent years, is global or even regional disruptors impacting investment appetite. However, if there are no significant macroeconomic or geopolitical disruptions globally, indications suggest that M&A activity may follow a positive trend in the second half of 2025. Despite an immediate slowdown following the imposition of global trade tariffs earlier in the year, the market rebounded swiftly with the initiation and planning of ongoing deal processes. Despite this turbulence, after a robust first quarter, market sentiment remains optimistic, and not many of the transactions currently in progress have been stalled.
The distribution of announced deals across various industry segments shows patterns consistent with previous quarters' trends in the region. The technology sector remains at the forefront, accounting for 22% of all announced transactions. Following technology, the order of industries remains largely unchanged. Manufacturing ranks second, with 17% of deals, followed by services and construction and real estate – both at 15%. Consumer markets complete the top five with 9% of deals. These top five sectors collectively make up just over three-quarters of all announced deals in the year's first half, continuing established market trends.
The Nordic M&A landscape is one of bright prospects and resilience. While geopolitical challenges persist, the region continues to thrive, positioning 2025 as a solid year in Nordic deal-making. Wishing you a pleasant summer break, I look forward to seeing how the remainder of this year unfolds from a deals perspective.
