Total medical devices industry M&A deals worth $2.38bn were announced in Europe in Q1 2021, led by Thermo Fisher Scientific’s $880.85m asset transaction with Novasep Holding, according to GlobalData’s deals database.
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The value marked an increase of 133.3% over the previous quarter and a rise of 362.6% when compared with the last four-quarter average of $514.52m.
Europe held a 7.75% share of the global medical devices industry M&A deal value that totalled $30.7bn in Q1 2021. With a 3.75% share and deals worth $1.15bn, Belgium was the top country in Europe’s M&A deal value across medical devices industry.
In terms of deal activity, Europe recorded 36 deals during Q1 2021, marking a decrease of 5.26% over the previous quarter and a rise of 10.77% over the last four-quarter average. Germany recorded ten deals during the quarter.
Europe medical devices industry M&A deals in Q1 2021: Top deals
The top five medical devices industry M&A deals accounted for 90.5% of the overall value during Q1 2021.
The combined value of the top five M&A deals stood at $2.15bn, against the overall value of $2.38bn recorded for the quarter.
The top five medical devices industry 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 of Diagenode by Hologic
5) Sino Biopharmaceutical’s acquisition of 60% stake in Softhale for $110m.
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Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.