Led by $5.9bn acquisition of Dialog Semiconductor, Europe’s technology industry saw a rise of 5.04% in internet of things deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 73 internet of things deals worth $8.13bn were announced for the region during Q1 2021, against the last four-quarter average of 69.50 deals.
Of all the deal types, venture financing saw most activity in Q1 2021 with 42 deals, representing a 57.5% share for the region.
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By GlobalDataIn second place was M&A with 23 deals, followed by private equity deals with eight transactions, respectively capturing a 31.5% and 11% share of the overall internet of things deal activity for the quarter.
In terms of value of internet of things deals, M&A was the leading category in Europe’s technology industry with $7.51bn, while venture financing and private equity deals totalled $613.84m and $12.02m, respectively.
Europe technology industry internet of things deals in Q1 2021: Top deals
The top five technology internet of things deals accounted for a 98.4% share of the overall value during Q1 2021.
The combined value of the top five internet of things deals stood at $8bn, against the overall value of $8.13bn recorded for the quarter.
The top five technology industry internet of things deals of Q1 2021 tracked by GlobalData were:
1) Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor
2) The $1.6bn acquisition of 7.6% stake in Yandex by Janus Henderson Group
3) Hughes Network Systems and SoftBank Group’s $400m venture financing of OneWeb
4) The $80m venture financing deal with Konux by ATHOS Service, New Enterprise Associates and Sanno Capital
5) 360 Capital Partners and Fondo Italiano Tecnologia e Crescita’s venture financing with Inxpect for $20.62m.
