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Friday 12 July 2019

Lively June for UK tech M&A

chartEuropean TMT M&A activity was back on track in June, according to the latest statistics from corporate finance firm Regent Assay.

 Whilst the number of transactions showed a marginal increase, the aggregate deal value doubled to reach its highest value since July of last year, at $26b. This upward trend was also reflected in the valuation multiples: The aggregate Price/Sales ratio increased from 1.25x to 1.39x, while the aggregate Price/EBITDA hit 10.9x, its highest value so far in 2019.

It was a very lively month for M&A activity in UK tech, with some well-known names going under the hammer, such as robotic process automation startup Thoughtonomy, acquired by its key partner (and UK RPA poster-child) Blue Prism (see Blue Prism snaps up Thoughtonomy), and veteran solutions firm SCISYS, which was acquired by Toronto-based, top-tier SI CGI  (see CGI sees the value in SCISYS).

You'll see lots more besides if you search on 'acquisition' in the UKHotViews archive, and you can keep in touch with the broader picture of M&A activity in the UK software & IT services sector in our quarterly report, IndustryViews Corporate Activity.

Posted by HotViews Editor at '08:27' - Tagged: acquisition  

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