1. Deals Analysis
March 18, 2021

Technology industry M&A deals total $15.76bn in Europe in February 2021

By Carmen

Total technology industry M&A deals worth $15.76bn were announced in Europe in February 2021, led by Cellnex Telecom’s $6.27bn acquisition of Hivory, according to GlobalData’s deals database.

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The value marked a decrease of 39.8% over the previous month of $26.18bn and a drop of 14.5% when compared with the last 12-month average of $18.43bn.

Europe held a 31.80% share of the global technology industry M&A deal value that totalled $49.56bn in February 2021. With a 13.70% share and deals worth $6.79bn, 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 177 deals during February 2021, marking a decrease of 9.23% over the previous month and a drop of 3.80% over the 12-month average. The UK recorded 55 deals during the month.

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

The top five technology industry M&A deals accounted for 91.3% of the overall value during February 2021.

The combined value of the top five technology deals stood at $14.38bn, against the overall value of $15.76bn recorded for the month.

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

1) Cellnex Telecom’s $6.27bn acquisition of Hivory

2) The $5.9bn acquisition of Dialog Semiconductor by Renesas Electronics

3) AppLovin’s $1bn acquisition of Adjust

4) The $765m acquisition of Easybrain by Embracer Group

5) Cision’s acquisition of Runtime Collective for $450m.

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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