The IT services industry remains strong with growth prospects
In the first half of 2024, the global information technology (IT) services industry has shown remarkable strength, continuing the growth trend observed in recent years. For the remainder of 2024 and throughout 2025, an increase in the volume of mergers and acquisitions (M&A) transactions within the sector is expected, reflecting growing investor interest in this strategic market.
Download the Iberian M&A report - Technology Sector
A comprehensive report on trends in the technology services sector. Our team of experts in the M&A area at PKF Attest has been analyzing for several years the evolution of this sector detecting trends, data, sector movements, EBDITAs...
EBITDA and perceived value multiples increase in IT companies
One of the key indicators of the industry's attractiveness is EBITDA trading multiples, most of which have shown an increase compared to the levels recorded in the previous year. This suggests higher perceived value in IT services companies globally.
Outstanding action in the technology sector
In the field of IT services in the Iberian region, a major deal in 2024 was the acquisition of a 6.98% stake in the Spanish company Indra by ING Group, a bank based in the Netherlands. This transaction, valued at €195 million, highlights the interest in companies providing technology services in the electronics, IT and communication sectors.
Change in EV/EBITDA multiples by technology subsectors
EV/EBITDA multiples in the IT services sector for 2024 vary significantly by specialty, with the valuation of emerging technology areas standing out. In particular, consulting groups have a multiple of 6.6x, while more advanced technologies such as artificial intelligence reach an impressive 35.2x. Meanwhile, big data stands at 20.0x and cybersecurity at 30.6x, reinforcing the strategic relevance and high added value of these sectors for the future.
Taken together, these data confirm that the IT services industry is in a dynamic phase, with significant opportunities in both established markets and emerging high-tech areas. As 2024 and 2025 progress, the sector promises to be a key arena for innovation and investment.
