Report: M&A Activity for Tech Sector Continues Apace

London -- According to a new report by market-analysis firm
Regent Associates, the total number of mergers and acquisitions
among European technology companies last year increased by a
record 27% year-on-year to more than 3,050 deals with a
combined value of more than £152 billion. "We are seeing a very
high level of transactions, most of which are based on sensible
commercial reality and structured on solid financial parameters,"
said Regent Chairman Peter Rowell. "The current wave of
transactions is being based on market fundamentals and not
technology hype, which was the case in 2000." The U.K. and
Ireland still boast the most active technology sectors, but Eastern
Europe is growing rapidly, fuelled by the telecommunications
sector, Regent said.
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