Total technology industry cross border M&A deals worth $62.13bn were announced in Europe Q3 2020, led by NVIDIA’ $40bn acquisition of ARM, according to GlobalData’s deals database.
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The value marked an increase of 136.3% over the previous quarter and a rise of 324.39% when compared with the last four-quarter average of $14.64bn.
Europe held a 59.55% share of the global technology industry cross border M&A deal value that totalled $104.34bn in Q3 2020. With a 45.39% share and deals worth $47.36bn, the UK was the top country in Europe’s cross border M&A deal value across technology industry for the quarter.
In terms of cross border M&A deal activity, Europe recorded 235 deals during Q3 2020, marking an increase of 21.13% over the previous quarter and a drop of 2.08% the last four-quarter average. The UK recorded 58 deals during the quarter.
Europe technology industry cross border M&A deals in Q3 2020: Top deals
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By GlobalDataThe top five technology industry cross border M&A deals accounted for 94.9% of the overall value during Q3 2020.
The combined value of the top five cross border M&A deals stood at $58.97bn, against the overall value of $62.13bn recorded for the quarter.
The top five technology industry cross border M&A deals of Q3 2020 tracked by GlobalData were:
1) NVIDIA’s $40bn acquisition of ARM
2) The $7.43bn acquisition of Sunrise Communications by Liberty Global
3) $6.8bn merger of Clarivate Analytics (US) and CPA Global
4) The $4.14bn acquisition of PLAY Communications by Iliad
5) UBS Asset Management’s acquisition of Altitude Infrastructure for $591.99m.
