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  1. Deals Analysis
May 5, 2021

Europe’s medical devices industry saw a rise of 0.55% in cross border deal activity in Q1 2021

Led by $880.85m asset transaction with Novasep Holding, Europe’s medical devices industry saw a rise of 0.55% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 46 cross border deals worth $2.73bn were announced for the region during Q1 2021, against the last four-quarter average of 45.75 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 26 deals, representing a 56.5% share for the region.

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In second place was venture financing with 16 deals, followed by private equity deals with four transactions, respectively capturing a 34.8% and 8.7% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, M&A was the leading category in Europe’s medical devices industry with $2.37bn, while private equity and venture financing deals totalled $212.52m and $148.41m, respectively.

Europe medical devices industry cross border deals in Q1 2021: Top deals

The top five medical devices cross border deals accounted for a 78.7% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $2.15bn, against the overall value of $2.73bn recorded for the quarter.

The top five medical devices industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Thermo Fisher Scientific’s $880.85m asset transaction with Novasep Holding

2) The $591m acquisition of Oxford Immunotec by PerkinElmer

3) Savaria’s $409.7m acquisition of Handicare Group

4) The $159m acquisition deal with Diagenode by Hologic

5) Sino Biopharmaceutical’s acquisition of Softhale for $110m.

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