The level of mergers and acquisition activity in the European technology sector is back to pre-recession levels with the last quarter of 2013 delivering more action in a three month period since 2006.
The latest numbers from M&A specialists Regent Partners showed that although the volume of deals dropped in December overall the trend for the last quarter was the strongest level of activity since Q2 2006.
A seasonal slowdown saw deals last month hit a value of $15bn with some of the mega deals happening in the US rather than Europe but firms on the Techmark Index saw a late rally in the stock market at the end of last month.
The notable deals last month included Oracle's $1.5bn move to acquire cloud-based marketing specialist Responsys and the tie-up in the security world between FireEye and Mandiant in a deal worth around $1.1bn.
There has already been several deals this month with the likes of Apple, Facebook and IBM looking to expand their portfolios with acquisitions designed to add complementary technology to their existing product set.