Mergers and Acquistions News
Categories: Software
January 28th 2010, 16:42PM
Technology merger and acquisition activity in the UK has begun to perk up following a sparse period in 2009, according to figures from PricewaterhouseCoopers (PwC).
A general decline in global technology deals was seen in the UK last year, with completed deal volumes down by more than 60 per cent and value falling by 52 per cent to €3.3 billion (£2.8 billion), the data reveals.
Barry Murphy, UK technology leader for PwC, said that software providers, mobile manufacturers and infrastructure vendors will continue to improve their business models throughout 2010.
"For the corporate and public sectors, enabling truly mobile workers can deliver significant and much needed operational efficiencies and it is likely that heightened M&A activity will result as providers look to service this demand," he added.
PwC recently announced that the UK's "surprisingly weak" GDP growth estimates leave open the question of whether it can truly be said to have emerged from the recession.
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