Tech market M&A activity remains solid


Tech market M&A activity remains solid

Simon Quicke

Mergers and acquisition activity in the tech market has remained solid with signs that valuations are holding up raising expectations next year could be a busy period for buyers.

The latest figures from Regent show that there were 216 transactions last month across Europe with combined valuations of $9bn. The month included the announcement that Attachmate was buying Novell for $2.2bn.

"other than the occasional eye-catching deal, there is a sense that the current flow of acquisitions are strategically very solid and valuations are based on healthy, but viable, financial metrics," stated the market watcher.

"2011 could be a year of quality transactions as cash-rich buyers seek targets than can generate quality earnings," it added.

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