This year, 39% of sellers were headquartered in Sweden, followed by Denmark-based targets at 24%. Finland and Norway were home to 18% and 17% of sellers, respectively, and the other 2% were from Iceland.  

19% 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.