Technology companies in the UK are the most likely in Europe to be targeted for mergers and acquisitions, according to a report from Ernst & Young.
The analysts found that the number of corporate deals in the UK technology sector grew by 76 per cent in the third quarter of this year against the same period in 2009.
This activity pushed the UK into second place for global M&A activity behind the US and ahead of Japan.
A total of 44 deals were closed in the quarter, against the 25 between July and September last year. Private equity-backed activity grew fivefold to 11 deals.
The growth is significant, according to Ernst & Young, as it comes during economically constrained times.
"Technology deal-makers in the UK appear to have decided that their strategic M&A needs cannot wait for the global economy to strengthen," said Karl Havers, European head of technology at Ernst & Young.
"Growing demand for connectivity and real-time access to actionable information over mobile devices is transforming the sector and propelling the globalisation and convergence of technology platforms with other industries, spurring deal activity."
The top 10 most acquisitive country technology sectors are the US, the UK, Japan, China/Hong Kong, France, Germany, Canada, Sweden, Australia and India.
Global technology M&A activity increased in terms of numbers and value, and much of the attention went on "strategic initiatives", including e-commerce, cloud computing, social networking, online gaming, mobile security and wireless telecoms.
The number of technology deals grew by 43 per cent against the same period last year, while the value increased by 48 per cent to $46.2bn (£28.6bn).
Eleven "big ticket" deals valued at over $1bn (£619m) were signed during the quarter, bringing the total to 20 for the year.
Global private equity deals increased by 77 per cent to 99 with a value of $7.8bn (£4.8bn).
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