Skip to content
Subscriber Only

Biggest European Tech Deal Barely Cracks the Global Top Ten

  • Atos’ bid for Gemalto only European top 10 tech deal this year
  • U.S. tech M&A several times more active with higher premiums
Inside Headquarters Of French Computer-services Provider Atos Ahead Of Worldline Payment Unit IPO

Photographer: Arnaud Fevrier/Bloomberg

Just how small is the European technology sector?

This year’s largest European technology deal just saw the light of day, and it’s less than a 20th the size of 2017’s biggest proposed U.S. tech transaction. Atos SE’s unsolicited 4.3-billion-euro ($5.06 billion) bid for Gemalto NV is also the region’s only entry to the global top 10 for the sector this year, with U.S. deal volume in the past years reaching multiples of Europe as well as attracting higher premiums.