Europe’s technology industry saw a drop of 2.64% in cross border deal activity during August 2021, when compared with the last 12-month average, led by Nitro Bidco and NortonLifeLock’s $9.06bn acquisition of Avast, according to GlobalData’s deals database.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 221 technology industry cross border deals worth $14.9bn were announced for the region in August 2021, against the 12-month average of 227 deals.
Of all the deal types, M&A saw most activity in August 2021 with 105 transactions, representing a 47.5% share for the region.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn second place was venture financing with 101 deals, followed by private equity deals with 15 transactions, respectively capturing a 45.7% and 6.8% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Europe’s technology industry with $12.67bn, while venture financing and private equity deals totalled $1.95bn and $275.29m, respectively.
Europe technology industry cross border deals in August 2021: Top deals
The top five technology cross border deals accounted for 75.9% of the overall value during August 2021.
The combined value of the top five technology cross border deals stood at $11.3bn, against the overall value of $14.9bn recorded for the month.
The top five technology industry cross border deals of August 2021 tracked by GlobalData were:
1) Nitro Bidco and NortonLifeLock $9.06bn acquisition deal with Avast
2) The $711.95m venture financing of Bolt Technology by D1 Capital Partners,G Squared,Ghisallo Partners,Naya Ventures,Sequoia Capital Operations and Tekne Capital Management
3) Siemens $651.04m acquisition deal with Sqills
4) The $445m acquisition of S.L and SHOTL TRANSPORTATION by Swvl
5) Northern Data $428.03m acquisition deal with Decentric Europe
