Monday, 09 December 2019 13:27

M&A deals total US3.25 billion in value for Q3 in UK Featured

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M&A deals total US3.25 billion in value for Q3 in UK Image stuart miles, FreeDigitalPhotos.net

Total technology industry merger & acquisition deals in the UK in the third quarter this year were worth US$3.25 billion, according to a new report.

According to global analyst firm GlobalData the value of UK deals marked a decrease of 33.2% over the previous quarter - and a rise of 16.2% when compared with the last four-quarter average of US$2.79 billion.

The UK held a 5.01% share of the global technology industry M&A deal value that totalled $64.84bn in Q3 2019.

GlobalData says that in terms of deal activity, the UK recorded 109 deals during Q3 2019, marking a drop of 16.8% over the previous quarter and a drop of 10.7% over the last four-quarter average.

And the top five technology industry M&A deals in the UK accounted for 94.6% of the overall value during Q3 2019.

GlobalData also notes that the combined value of the top five technology M&A deals stood at US$3.07 billion, against the overall value of US$3.25 billion recorded for the month.

The top five technology industry deals of Q3 2019 tracked by GlobalData were:

  • Jiangsu Shagang Group’s US$2.2bn acquisition of Global Switch Holdings
  • The US$385.52m acquisition of Cloudcoco by adept4
  • Ceres Bidco’s US$231.97m acquisition of StatPro Group
  • The US$141.2m acquisition of Osmanthus Vale Holdings by 7Road
  • Aptean’s acquisition of Sanderson Group for US$109.67m.

 


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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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