1. Deals Analysis
September 29, 2021

Technology industry M&A deals total $13.2bn in Europe in August 2021

By Carmen

Total technology industry M&A deals worth $13.2bn 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 32% over the previous month of $10.01bn and a drop of 17.4% when compared with the last 12-month average of $15.99bn.

Europe held a 30.70% share of the global technology industry M&A deal value that totalled $43.03bn in August 2021. With a 23.33% share and deals worth $10.04bn, 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 185 deals during August 2021, marking a decrease of 19.91% over the previous month and a drop of 6.09% over the 12-month average. The UK recorded 64 deals during the month.

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

The top five technology industry M&A deals accounted for 83.3% of the overall value during August 2021.

The combined value of the top five technology deals stood at $11bn, against the overall value of $13.2bn recorded for the month.

The top five technology industry 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) Future $415.86m acquisition deal with Dennis Publishing (UK)

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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