Now let’s look at sellers by geography. 49% of target companies were based in the US, followed by the United Kingdom at 13% and Germany at 5%. France and Canada followed at 3% each and the Netherlands represented the headquarters of 2% of sellers. 

Looking at buyers by geography, 54% of RegTech acquirers were based in the US followed by the United Kingdom at 11%, and Canada at 5%. Numerous European countries also saw significant M&A activity in 2024. Dealmaking remained highly international with 47% of transactions being cross-border.