IFBC Tech Transactions Monitor – July 2026

The Swiss Tech M&A Market

The Swiss software and IT services market recorded a total of 36 acquisitions over the past four months. Of these, 24 transactions were in the software sector and 12 in the IT services sector. The strong transaction momentum is driven in particular by an increase in software acquisitions, coupled with recovering valuation levels and Swiss strategic buyers with a strong appetite for acquisitions. While approximately 50% of buyers are based in Switzerland, Swiss companies remain popular acquisition targets for international investors as well. We tracked the transactions listed below between March and June 2026 — detailed information on the individual transactions can be found in the IFBC Tech Transactions Monitor.

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Key Takeaways

• High deal activity in the software sector — coupled with recovering valuation levels. Vertical software companies, in particular, are sought-after targets.
• Swiss strategic buyers in an acquisitive mood — just under one-third of all buyers are Swiss strategic buyers who are selectively capitalizing on attractive acquisition opportunities. Another approximately 50% of buyers come from abroad.
• Target companies in Deep Tech, Quantum, and AI are in demand — innovative companies with growth potential remain sought after by strategic buyers and financial investors despite high valuations.
• Attractive consolidation opportunities in Managed Services — high fragmentation is creating an environment for active market consolidation.
• Cybersecurity: A Hot Topic — companies are building platforms in this area through capability-driven acquisitions.

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Deal Activity: What transactions were observed from March through June 2026?

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With 12 transactions over the past four months, the greater Zurich area remains the most important region for tech transactions involving Swiss target companies. Other tech clusters, such as the cantons of Basel-Stadt, Vaud, and Aargau, follow with 3–4 transactions over the same period. In Geneva, the Mittelland, and Zug, however, deal activity was low.

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Swiss companies remain attractive acquisition targets for international investors — approximately 50% of all buyers are from abroad. Investors from Germany, who were still extremely active at the beginning of the year, have, however, been significantly more restrained over the past four months.

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Hot Topic: Why Is Cybersecurity in the Spotlight?

Cybersecurity is now a key success factor for companies across all industries. With increasing digitalization, stricter regulatory requirements, and the use of AI, both the complexity and the number of cyber threats are rising. Companies are therefore increasingly seeking integrated security platforms that bundle various cybersecurity solutions, efficiently connect data, and address security risks holistically. Cybersecurity companies are responding to this by increasingly building integrated platforms through capability-driven acquisitions.

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Conclusion

What is currently relevant for buyers?

Software companies are once again increasingly becoming acquisition targets — while valuation levels are recovering at the same time. Vertical software companies, in particular, are popular acquisition targets. In addition, deep tech and managed services also offer acquisition opportunities.

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What is currently relevant for sellers?

Sellers are currently benefiting from a positive market environment: recovered software valuations, a high willingness to buy among Swiss strategic buyers, and continued strong international buyer interest are driving intense competition for attractive target companies. Software companies with high customer loyalty, deeply integrated solutions, and clear market positioning are in particularly high demand, as are companies in the deep tech, AI, and cybersecurity sectors. At the same time, ongoing consolidation in the managed services market is opening up attractive exit opportunities for entrepreneurs.

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You can access the full IFBC Tech Transactions Monitor here:

‍Download IFBC Tech Transactions Monitor (German)

Download IFBC Tech Transactions Monitor (English)

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