There were as many tech M&A deals in Europe in July this year as last, but the aggregate value was 35% lower, according to latest data from Regent Partners International. Valuation multiples were also lower on a yoy basis though remained reasonably stable compared with June.
The UK contributed its fair share of deals last month, including the acquisition of Poole-based Wireless Data Services by Xerox (see here), Yorkshire-based warehouse management provider Delta Software by Access Group (see here), serial mid-market acquirer 6 Degrees Group's 11th acquisition, that of Surrey-based Cloud Computing Centre (see here), and Watford-based Xmbrace’s acquisition of Cheshire-based mobile scheduling software and field force automation specialist, Kirona (see here).
Eligible TechMarketView subscription service clients will be able to see more in the next edition of IndustryViews Corporate Activity.