Total technology industry cross border M&A deals worth $11.3bn were announced in Europe in December 2020, led by GlobalWafers’ $4.49bn acquisition of Siltronic, according to GlobalData’s deals database.

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The value marked a decrease of 80.8% over the previous month of $58.78bn and a drop of 17.03% when compared with the last 12-month average of $13.62bn.

Europe held a 47.50% share of the global technology industry cross border M&A deal value that totalled $23.79bn in December 2020. With a 36.57% share and deals worth $8.7bn, Germany was the top country in Europe’s cross border M&A deal value across technology industry.

In terms of cross border M&A deal activity, Europe recorded 104 deals during December 2020, marking a decrease of 4.59% over the previous month and a rise of 22.35% over the 12-month average. The UK recorded 24 deals during the month.

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Europe technology industry cross border M&A deals in December 2020: Top deals

The top five technology industry cross border M&A deals accounted for 83.7% 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 $11.3bn recorded for the month.

The top five technology industry cross border M&A deals of December 2020 tracked by GlobalData were:

1) GlobalWafers’ $4.49bn acquisition of Siltronic

2) The $2.56bn acquisition of 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.