Europe’s technology industry saw a rise of 16.29% in cross border deal activity during December 2020, when compared with the last 12-month average, led by GlobalWafers’ $4.49bn acquisition of Siltronic, according to GlobalData’s deals database.
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A total of 207 technology industry cross border deals worth $12.98bn were announced for the region in December 2020, against the 12-month average of 178 deals.
Of all the deal types, M&A saw most activity in December 2020 with 104 transactions, representing a 50.2% share for the region.
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By GlobalDataIn second place was venture financing with 78 deals, followed by private equity deals with 25 transactions, respectively capturing a 37.7% and 12.1% 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 $11.3bn, while venture financing and private equity deals totalled $1.2bn and $478.75m, respectively.
Europe technology industry cross border deals in December 2020: Top deals
The top five technology cross border deals accounted for 72.9% of the overall value during December 2020.
The combined value of the top five technology cross border deals stood at $9.46bn, against the overall value of $12.98bn recorded for the month.
The top five technology industry cross border deals of December 2020 tracked by GlobalData were:
1) GlobalWafers’ $4.49bn acquisition of Siltronic
2) The $2.56bn acquisition deal with Kabel Deutschland by Vodafone Group and Vodafone Vierte Verwaltungs
3) Wipro’s $1bn acquisition of Metro Systems Romania and METRO-nom
4) The $729.23m acquisition of IMImobile by Cisco Systems Holdings UK
5) SB Management Group’s acquisition of Sinch for $683.16m.
