Total technology industry M&A deals in February 2020 worth $226.76m were announced in the UK, according to GlobalData’s deals database.
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The value marked a decrease of 52.8% over the previous month and a drop of 78.8% when compared with the last 12-month average of $1.07bn.
The UK held a 1.9% share of the global technology industry M&A deal value that totalled $11.89bn in February 2020.
In terms of deal activity, the UK recorded 31 deals during February 2020, marking a flat growth over the previous month and a drop of 22.5% over the 12-month average.
The UK technology industry M&A deals in February 2020: Top deals
The top five technology industry M&A deals accounted for 97.9% of the overall value during February 2020.
The combined value of the top five technology M&A deals stood at $221.92m, against the overall value of $226.76m recorded for the month.
The top five technology industry deals of February 2020 tracked by GlobalData were:
1) Citadel Group’s $134.14m acquisition of Wellbeing Software Group
2) The $35.7m acquisition of CNL Software by Everbridge
3) Medallia’s $26m acquisition of LivingLens
4) The $24.48m acquisition of PeopleVox by Descartes Systems Group
5) Craven House Capital’s acquisition of IZYRadio for $1.6m.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.