The US was home to 57% of the acquired IT Services companies through the end of the first quarter of 2024. Additionally, 9% of target companies were headquartered in the United Kingdom, followed by Australia at 5%.

US buyers remained dominant and were responsible for 63% of transactions in the IT Services sector through this year. The United Kingdom and France followed with 9% and 5%, respectively. Dealmaking remained highly international with 35% of transactions being cross-border.

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