Total technology industry cross border M&A deals worth $6.3bn were announced in Europe in May 2022, led by Emirates Telecommunications Group Co’s $4.4bn acquisition of 9.8% stake in Vodafone Group, according to GlobalData’s deals database.

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The value marked an increase of 473.6% over the previous month of $1.1bn and a rise of 17.1% when compared with the last 12-month average of $5.39bn.

Europe held a 54.73% share of the global technology industry cross border M&A deal value that totalled $11.53bn in May 2022. With a 39.90% share and deals worth $4.6bn, 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 116 deals during May 2022, marking a decrease of 3.33% over the previous month and a drop of 8.66% over the 12-month average. The UK recorded 28 deals during the month.

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Europe technology industry cross border M&A deals in May 2022: Top deals

The top five technology industry cross border M&A deals accounted for 92.6% of the overall value during May 2022.

The combined value of the top five technology cross border deals stood at $5.84bn, against the overall value of $6.3bn recorded for the month.

The top five technology industry cross border M&A deals of May 2022 tracked by GlobalData were:

1) Emirates Telecommunications Group Co $4.4bn acquisition deal for 9.8% stake in Vodafone Group

2) The $607m acquisition of LeoVegas by MGM Resorts International

3) Telefonica Tech S.L.U. $368.98m acquisition deal with BE-terna- Austria

4) The $275.96m acquisition of 44.31% stake in Mediaset Espana Comunicacion by MediaForEurope

5) Amdocs $188m acquisition deal with MYCOM OSI