In 2024, 41% of sellers were headquartered in Sweden, followed by Denmark-based targets at 23%. Norway and Finland were home to 18% and 17% of sellers, respectively, and the other 1% were from Iceland.

21% of all buyers were located in Europe, outside of the Nordics region, and another 13% were based in North America. The remaining target companies were acquired by firms headquartered throughout the Nordics and across the globe.