1. Deals Analysis
April 30, 2021

Technology industry M&A deals total $12.85bn in Europe in March 2021

By Carmen

Total technology industry M&A deals worth $12.85bn were announced in Europe in March 2021, led by Ballys’ $3.21bn acquisition of Gamesys Group, according to GlobalData’s deals database.

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The value marked a decrease of 22.8% over the previous month of $16.65bn and a drop of 30.8% when compared with the last 12-month average of $18.57bn.

Europe held a 13.88% share of the global technology industry M&A deal value that totalled $92.57bn in March 2021. With a 7.89% share and deals worth $7.3bn, the UK was the top country in Europe’s M&A deal value across technology industry.

In terms of M&A deal activity, Europe recorded 232 deals during March 2021, marking an increase of 7.91% over the previous month and a rise of 23.40% over the 12-month average. The UK recorded 90 deals during the month.

Europe technology industry M&A deals in March 2021: Top deals

The top five technology industry M&A deals accounted for 78.7% of the overall value during March 2021.

The combined value of the top five technology deals stood at $10.12bn, against the overall value of $12.85bn recorded for the month.

The top five technology industry M&A deals of March 2021 tracked by GlobalData were:

1) Ballys’ $3.21bn acquisition of Gamesys Group

2) The $2.5bn acquisition of Itiviti Group by Broadridge Financial Solutions

3) The $1.61bn merger of Ajax I and Cazoo

4) The $1.6bn acquisition of Yandex by Janus Henderson Group

5) The merger of Rockley Photonics and SPAC SC Health for $1.2bn.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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