Total technology industry M&A deals in May 2020 worth $19.25bn were announced in the UK, according to GlobalData’s deals database.

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The value marked an increase of 15602.2% over the previous month and a rise of 1799.03% when compared with the last 12-month average of $1.01bn.

The UK held a 62.8% share of the global technology industry M&A deal value that totalled $30.64bn in May 2020.

In terms of deal activity, the UK recorded 23 deals during May 2020, marking a flat growth over the previous month and a drop of 42.5% over the 12-month average.

The UK technology industry M&A deals in May 2020: Top deals

The top five technology industry M&A deals accounted for 100% of the overall value during May 2020.

The combined value of the top five technology M&A deals stood at $19.25bn, against the overall value of $19.25bn recorded for the month.

The top five technology industry deals of May 2020 tracked by GlobalData were:

1) ‘s $18.82bn merger of O2 Holding and Virgin Media

2) The $383.39m acquisition of TestPlant Europe by Keysight Technologies

3) Compass Group’s $24m acquisition of Feedr

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4) The $15.43m acquisition of Zesty by Induction Healthcare

5) Petards Group’s asset transaction with Nexus ANPR Smart Box and Telematics Technologies for $1.29m.

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.