1. Deals Analysis
February 28, 2021

Europe’s technology industry saw a drop of 18.96% in deal activity during January 2021

By Carmen

Europe’s technology industry saw a drop of 18.96% in deal activity during January 2021, when compared with the last 12-month average, led by Arab Investment Bank S.A.L.’s $11.21bn acquisition of Temenos, according to GlobalData’s deals database.

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A total of 359 technology industry deals worth $28.56bn were announced for the region in January 2021, against the 12-month average of 443 deals.

Of all the deal types, M&A saw most activity in January 2021 with 166 transactions, representing a 46.2% share for the region.

In second place was venture financing with 159 deals, followed by private equity deals with 34 transactions, respectively capturing a 44.3% and 9.5% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s technology industry with $26.13bn, while venture financing and private equity deals totalled $2.33bn and $96.13m, respectively.

Europe technology industry deals in January 2021: Top deals

The top five technology deals accounted for 84.5% of the overall value during January 2021.

The combined value of the top five technology deals stood at $24.12bn, against the overall value of $28.56bn recorded for the month.

The top five technology industry deals of January 2021 tracked by GlobalData were:

1) Arab Investment Bank S.A.L.’s $11.21bn acquisition of Temenos

2) The $9.37bn asset transaction deal with Telxius Telecom SAU by American Tower

3) CNP Assurances, EDF Invest and La Banque des Territoires’ $1.63bn acquisition of Orange Concessions

4) The $1.22bn acquisition of Signavio by SAP

5) Workday’s acquisition of Peakon for $700m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.