Late 2020 and early 2021 saw a surge in M&A transaction volumes in the Consulting and IT services sector, picking up on deals that were cancelled or delayed during the first wave of Covid lockdowns in Europe and North America, when volumes dropped to nearly half of the preceding rate. In the second quarter of this year that surge appears to have abated and volumes are settling back to the underlying annual growth in M&A activity in this sector. However, it is worth mentioning Accenture specifically, who are by far the leading acquirer in the sector. After their slowdown in acquisitions last summer, they are now at full throttle and twice the rate of previous years.
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