Total technology industry internet of things M&A deals worth $7.51bn were announced in Europe in Q1 2021, led by Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor, according to GlobalData’s deals database.
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The value marked an increase of 1727.8% over the previous quarter and a drop of 30.1% when compared with the last four-quarter average of $10.75bn.
Europe held a 22.17% share of the global technology industry internet of things M&A deal value that totalled $33.88bn in Q1 2021. With a 17.41% share and deals worth $5.9bn, the UK was the top country in Europe’s internet of things M&A deal value across technology industry.
In terms of deal activity, Europe recorded 23 internet of things deals during Q1 2021, marking a decrease of 20.69% over the previous quarter and a rise of 5.75% over the last four-quarter average. The UK recorded seven deals during the quarter.
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By GlobalDataEurope technology industry internet of things M&A deals in Q1 2021: Top deals
The top three technology industry internet of things M&A deals accounted for 100% of the overall value during Q1 2021.
The combined value of the top three internet of things M&A deals stood at $7.51bn, against the overall value of $7.51bn recorded for the quarter.
The top three technology industry internet of things deals of Q1 2021 tracked by GlobalData were:
1) Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor
2) The $1.6bn acquisition of 7.6% stake in Yandex by Janus Henderson Group
3) Norbit’s $2.8m asset transaction with StalkIT
