In the first half of 2024, the majority of acquired IT Services companies, accounting for 56%, were based in the United States. The United Kingdom represented the headquarters of 10% of the target companies, while Australia followed closely at 4%. 

US buyers remained dominant and were responsible for 62% of transactions in the IT Services sector. The United Kingdom followed with 8% and France and Ireland each accounted for 4%. M&A activities remained highly international as 33% of deals were cross-border.