Header image

Nordics: Trend Report H1 2021

The future looks promising for a region replete with attractive technology assets, a burgeoning domestic PE scene, and a deserved reputation for staying composed in difficult times


Video Thumbnail
0:10

Scandinavian pragmatism underpins a sturdy recovery

Nordic economies proved resilient amidst the COVID-19 pandemic, with GDP rates bouncing back quicker than their European peers. Sweden’s economy – the largest in the region – is now anticipated to grow faster than expected in 2021. GDP is predicted to expand 4.7% in 2021, up from the previous figure of 3.2%. Norway’s economy, meanwhile, is forecast to rebound by 3.4% in 2021, with Denmark up by a more modest 2.8%.

Strong macroeconomic foundations, coupled with the gradual easing of COVID restrictions, are encouraging healthy M&A activity in the region. A total of 923 deals worth a combined €50bn were announced during the first half of the year – the highest half-yearly volume on record. Deal value, meanwhile, increased over five times compared to the €9.5bn recorded in H1 2020 – which saw value plummet to the lowest half-yearly value since 2009.


In association with



Join our community

Deals+ is a global network of M&A transaction professionals offering you access to exclusive events, networking and research. Join the community for free to enjoy the below benefits:

  • perm_contact_calendar Priority invitations to virtual and hybrid events
  • play_arrow Latest trend reports and market research
  • email Regular newsletter on the people shaping global M&A markets