Image may be NSFW.
Clik here to view.
Aggregate deal value for European tech M&A transactions hit a 13-month high in November, according to latest data from corporate finance firm Regent Partners. The rolling 3-month average hit $15bn, boosted by the $2.8bn purchase by Siemens of the division specialising in railway signalling software and technology from UK based Invensys. The number of deals rose to 250 per month. Regent also observed that the rolling 3 month P/E multiple in the sector held steady in the month at 16x although the price-to-sales multiple settled back to 1.2x.
There was a flurry of M&A activity on the UK SITS (software and IT services) front in November, including a first acquisition by Kent-based security managed services firm SecureData (see here), a surprising move in Italy by BPO recovery case, Xchanging (see here), a further acquisition for Vin Murria’s Advanced Computer Software group (see here), and a substantial £55m acquisition by managed service player, Claranet (see here).
Eligible TechMarketView subscription service clients will be able to read our review of the UK corporate activity scene in Q4 and for 2012 in the New Year edition of IndustryViews Corporate Activity.
