1. Deals Analysis
November 29, 2020updated 01 Dec 2020 4:42pm

Technology industry cross border M&A deals total $62.13bn in Europe in Q3 2020

Total technology industry cross border M&A deals worth $62.13bn were announced in Europe Q3 2020, led by NVIDIA’ $40bn acquisition of ARM, according to GlobalData’s deals database.

The value marked an increase of 136.3% over the previous quarter and a rise of 324.39% when compared with the last four-quarter average of $14.64bn.

Europe held a 59.55% share of the global technology industry cross border M&A deal value that totalled $104.34bn in Q3 2020. With a 45.39% share and deals worth $47.36bn, the UK was the top country in Europe’s cross border M&A deal value across technology industry for the quarter.

In terms of cross border M&A deal activity, Europe recorded 235 deals during Q3 2020, marking an increase of 21.13% over the previous quarter and a drop of 2.08% the last four-quarter average. The UK recorded 58 deals during the quarter.

Europe technology industry cross border M&A deals in Q3 2020: Top deals

The top five technology industry cross border M&A deals accounted for 94.9% of the overall value during Q3 2020.

The combined value of the top five cross border M&A deals stood at $58.97bn, against the overall value of $62.13bn recorded for the quarter.

The top five technology industry cross border M&A deals of Q3 2020 tracked by GlobalData were:

1) NVIDIA’s $40bn acquisition of ARM

2) The $7.43bn acquisition of Sunrise Communications by Liberty Global

3) $6.8bn merger of Clarivate Analytics (US) and CPA Global

4) The $4.14bn acquisition of PLAY Communications by Iliad

5) UBS Asset Management’s acquisition of Altitude Infrastructure for $591.99m.

Verdict deals analysis methodology

This analysis considers only announced and completed big data deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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