Sweden saw the largest volume of sellers last year at 42%, followed by Denmark at 20% and Norway at 18%. Additionally, Finland was home to 17% of sellers and Iceland rounded out the list at 3%. 

22% of buyers were located in Europe, outside of the Nordics region, and another 17% were based in North America. The remaining target companies were acquired by firms headquartered throughout the Nordics and across the globe. 

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