1. Deals Analysis
May 5, 2021

Technology industry M&A deals total $44.49bn in Europe in Q1 2021

By Carmen

Total technology industry M&A deals worth $44.49bn were announced in Europe in Q1 2021, led by American Tower’s $9.37bn asset transaction with Telxius Telecom SAU, according to GlobalData’s deals database.

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The value marked a decrease of 50.3% over the previous quarter and a drop of 11.02% when compared with the last four-quarter average of $50bn.

Europe held a 21.34% share of the global technology industry M&A deal value that totalled $208.44bn in Q1 2021. With a 7.21% share and deals worth $15.03bn, the UK was the top country in Europe’s M&A deal value across technology industry.

In terms of deal activity, Europe recorded 649 deals during Q1 2021, marking a decrease of 1.96% over the previous quarter and a rise of 18.32% over the last four-quarter average. The UK recorded 204 deals during the quarter.

Europe technology industry M&A deals in Q1 2021: Top deals

The top five technology industry M&A deals accounted for 61.3% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $27.25bn, against the overall value of $44.49bn recorded for the quarter.

The top five technology industry deals of Q1 2021 tracked by GlobalData were:

1) American Tower’s $9.37bn asset transaction with Telxius Telecom SAU

2) The $6.27bn acquisition of Hivory by Cellnex Telecom

3) Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor

4) The $3.21bn acquisition of Gamesys Group by Ballys

5) Broadridge Financial Solutions’ acquisition of Itiviti Group for $2.5bn.

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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