Sweden’s technology industry saw a drop of 34.8% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 45 deals worth $279.67m were announced in Q4 2019, compared to the last four-quarter average of 69 deals.

M&A was the leading category in the quarter with 26 deals which accounted for 57.8% of all deals.

In second place was venture financing with 16 deals, followed by private equity with three transactions, respectively accounting for 35.6% and 6.7% of overall deal activity in the country’s technology industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Sweden’s technology industry with total deals worth $157.16m, while venture financing and private equity deals totalled $119.78m and $2.73m, respectively.

Sweden technology industry deals in Q4 2019: Top deals

The top five technology deals accounted for 81.5% of the overall value during Q4 2019.

The combined value of the top five technology deals stood at $227.91m, against the overall value of $279.67m recorded for the month.

The top five technology industry deals of Q4 2019 tracked by GlobalData were:

1) Balderton Capital (UK), Black Ice Capital, Creandum, Inbox Capital, Jose Manuel Entrecanales Foundation, Kreos Capital Group, Project A Ventures GmbH & Co, Raine Ventures, Rider Global and Vostok New Ventures’ $85m venture financing of VOI Technology

2) The $61.88m acquisition of Norstel by STMicroelectronics

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3) Amazon.com’s $37.36m asset transaction with Net Insight

4) The $23.13m venture financing of Detectify by Balderton Capital (UK), Inventure, Insight Venture Management and Paua Ventures Verwaltungs

5) Creandum Advisor and OMERS Ventures’ venture financing of FirstVet for $20.54m.

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.

 

Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.