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UKTN roundup: 10 significant tech acquisitions of December 2020

Drover
Picture credits: Drover

Last year marked a slight decrease in the global tech mergers and acquisitions (M&A) activity as compared to the previous year, 2018. At the end of 2019, a report by GlobalData revealed that there was a 25% year-on-year drop in the technology M&A deals.

When it comes to 2020, if January is anything to go by, there were some major deals in the tech industry. However, the same slowed down due to the COVID-19 pandemic and the subsequent lockdown and other restrictions. But it picked up pace marking some major tech mergers and acquisitions this year.

This month, we saw some important deals such as Salesforce’s acquisition of Slack for £20.7B, Pets at Home’s acquisition of Surrey-based telehealth provider The Vet Connection (TVC) for £15M and UK fintech SumUp’s acquisition of Goodtill for an undisclosed amount. These are only some recent acquisitions that took place and here we have covered the ones that are important....

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