Led by Cellnex Telecom’s $11.69bn asset transaction with CK Hutchison Holdings, Sweden’s technology industry saw a rise of 7.69% in overall cross border deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 28 cross border deals worth $14.5bn were announced in Q4 2020, compared with the last four-quarter average of 26 deals.

M&A was the leading category in the quarter with 15 cross border deals which accounted for 53.6% of all deals.

In second place was venture financing with ten deals, followed by private equity with three transactions, respectively accounting for 35.7% and 10.7% of overall cross border deal activity in the Sweden’s technology industry during the quarter.

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In terms of value of cross border deals, M&A was the leading deal category in Sweden’s technology industry with total deals worth $14.08bn, while venture financing and private equity deals totalled $385.28m and $30m respectively.

Sweden technology industry cross border deals in Q4 2020: Top deals

The top five technology industry cross border deals accounted for 96.6% of the overall value during Q4 2020.

The combined value of the top five technology cross border deals stood at $14bn, against the overall value of $14.5bn recorded for the quarter.

The top five technology industry cross border deals of Q4 2020 tracked by GlobalData were:

1) Cellnex Telecom’s $11.69bn asset transaction with CK Hutchison Holdings

2) The $807.41m acquisition of Bisnode by Dun & Bradstreet Holdings

3) SB Management Group’s $683.16m acquisition of Sinch

4) The $590.87m asset transaction deal with Patricia Industries by CKH Networks Europe

5) Mercell Holding’s acquisition of Visma Commerce for $232.78m.