We have just published the update on the most relevant data in terms of M&A for the second quarter of 2025 and we can conclude that:
The exceptional nature of 2024 in the Spanish market in the IT Consulting sector is confirmed: This second quarter consolidates the return to usual market levels, registering 12 transactions, even slightly below the historical average, and confirming that the peak of Q4 2024 was an extraordinary phenomenon
We highlight in our summary:
1. The IT consulting sector in Spain normalizes after the peak reached in Q4 2024, with 12 M&A transactions closed in Q2 2025 that consolidate its attractiveness and stability in the market
2. The strong rebound of the IT consulting sector in Spain in the last part of 2024, with 27 transactions that marked an all-time high, gave way to a much more contained start to 2025, as we anticipated in our previous update.
3. Of the twelve transactions closed in the quarter, 50% have been cross-border transactions, demonstrating the attractiveness of the Spanish market for international groups and the growing appetite of local firms to expand abroad.
