Total technology industry cross border M&A deals worth $12.7bn were announced in Europe in August 2021, led by Nitro Bidco and NortonLifeLock’s $9.06bn acquisition of Avast, according to GlobalData’s deals database.
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The value marked an increase of 150.9% over the previous month of $5.05bn and a drop of 7.9% when compared with the last 12-month average of $13.76bn.
Europe held a 55.23% share of the global technology industry cross border M&A deal value that totalled $22.94bn in August 2021. With a 41.76% share and deals worth $9.58bn, the UK 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 105 deals during August 2021, marking a decrease of 23.36% over the previous month and a drop of 0.94% 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 August 2021: Top deals
The top five technology industry cross border M&A deals accounted for 86.8% of the overall value during August 2021.
The combined value of the top five technology cross border deals stood at $10.99bn, against the overall value of $12.7bn recorded for the month.
The top five technology industry cross border M&A deals of August 2021 tracked by GlobalData were:
1) Nitro Bidco and NortonLifeLock $9.06bn acquisition deal with Avast
2) The $651.04m acquisition of Sqills by Siemens
3) Swvl $445m acquisition deal with S.L and SHOTL TRANSPORTATION
4) The $428.03m acquisition of Decentric Europe by Northern Data
5) KBR $405.56m acquisition deal with Frazer-Nash Consultancy