15 April 2025
Greek tech stayed active in Q4 2024 amid strong sector momentum
In Q4 2024, Greek tech companies remained acquisitive, pursuing bolt-on deals to broaden their service offering and become one-stop-shop providers. Cybersecurity was a key focus, driven by rising threat levels and the implementation of the NIS2 directive.
Spending in the sector is also being supported by public-private partnerships and continued digitization efforts, particularly in verticals like shipping and public services.
Across Europe, valuation multiples expanded in most tech sub-sectors during Q4, led by infrastructure and human capital management.
According to GP Bullhound’s 2024 SaaS Report, 44% of European SaaS companies reported positive EBITDA. This marks a clear shift from the growth-at-all-costs mindset of recent years, as investors increasingly prioritize capital-efficient growth and sustainable profitability.
European tech M&A also gained momentum, with deal activity up 17% quarter-over-quarter, driven by cross-border interest and increased appetite in IT services.