Total technology industry cloud M&A deals worth $12.99bn were announced in Europe in January 2021, led by Arab Investment Bank S.A.L.’s $11.21bn acquisition of Temenos, according to GlobalData’s deals database.

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The value marked an increase of 754.6% over the previous month of $1.52bn and a rise of 233.1% when compared with the last 12-month average of $3.9bn.

Europe held a 38.72% share of the global technology industry cloud M&A deal value that totalled $33.55bn in January 2021. With a 33.41% share and deals worth $11.21bn, Switzerland was the top country in Europe’s cloud M&A deal value across technology industry.

In terms of cloud M&A deal activity, Europe recorded 43 deals during January 2021, marking an increase of 19.44% over the previous month and a rise of 26.47% over the 12-month average. The UK recorded 12 deals during the month.

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Europe technology industry cloud M&A deals in January 2021: Top deals

The top three technology industry cloud M&A deals accounted for 99.2% of the overall value during January 2021.

The combined value of the top three technology cloud deals stood at $12.89bn, against the overall value of $12.99bn recorded for the month.

The top three technology industry cloud M&A deals of January 2021 tracked by GlobalData were:

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

2) The $1.22bn acquisition of Signavio by SAP

3) VTB Bank’s $464.3m acquisition of LLC Data Storage Centre