In the European technology industry, there were 351 M&A deals announced in Q3 2023, worth a total value of $5.6bn, according to GlobalData’s Deals Database. The $2.2bn acquisition of Atos by EP Equity Investment was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.

In value terms, M&A activity in Europe decreased by 67% in Q3 2023 compared with the previous quarter’s total of $16.9bn and fell by 66% as compared to Q3 2022. Related deal volume decreased by 22% in Q3 2023 versus the previous quarter and was 30% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Europe in Q3 2023 were Rothschild & Co; KPMG International Coop; Houlihan Lokey with 16, 12, 10 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Europe Q3 2023 were CMS Legal Services EEIG; Baker & McKenzie; White & Case with 21, 18, 14 deals respectively.

For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.