Facing numerous macroeconomic challenges, Norway's M&A market held steady in 2023, reinforcing its importance as a strategy for corporate growth and value creation.
Executive summary
The year 2023 unfolded under the shadow of geopolitical turmoil and macroeconomic uncertainties, affecting markets worldwide. Despite these challenges, companies strategically adjusted, softening the impact on M&A activities. The year saw 646 transactions involving Norwegian parties, down 11% from 2022’s record numbers. This moderate decline still positions the year well above the average of pre-pandemic activity levels, highlighting the value seen in M&A for strategic growth and value creation.
As we turn our attention to 2024, the outlook is cautiously optimistic. Repressed buyer demand, an increase in attractive assets for sale, and substantial available funds among private equity firms are setting the stage for a more balanced M&A and financing environment. This shift is expected to support deal appetite, potentially reinvigorating transactions that were previously on hold.
Norwegian transaction volume
In the current unpredictable market conditions, the Norwegian M&A market is showing resilience. The transaction volumes are consistently higher than what we saw before the pandemic. What we're seeing is that ambitious players are strategically acquiring businesses to broaden their services and strengthen their hold on the market. As the M&A activity picks up again, it becomes increasingly important for transactions to be handled professionally, particularly for those looking to sell.Nikolai Lunde, Managing Partner at Oaklins Norway
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