Seasonal dip hits tech M&A activity


Seasonal dip hits tech M&A activity

Simon Quicke

A seasonal dip in the level of mergers and acquisitions should be confined to just August with this month already showing signs that the strong activity already seen this year is going to continue.

The level of valuations and market activity has been recovering from the recession and the signs from M&A watcher Regent are that things are set well for a strong end to the year.

Intel took the headlines in August with its $7.7bn purchase of McAfee and HP ended up going all the way in a bidding war with Dell to secure 3Par for $2.4bn.

Closer to home Chess Telecom made its twelfth take over of the year with a purchase of Intelligent Networks.

In a statement Regent summed up August as a month as one characterized by "the usual seasonal decline".

"This followed a bumper July with current data suggesting a good September. Despite the low deal flow in August, valuation levels have held up well," it stated.

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