Add-on Acquisition • Electronics

Aviva Acquires Neos

On November 21, 2018, Aviva acquired electronics company Neos

Acquisition Context

This is Aviva’s 1st transaction in the Electronics sector.
This is Aviva’s 6th transaction in the United Kingdom.

Investment Fate

Neos was divested to a consortium of strategic buyers in 2022.

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M&A Deal Summary
Date	November 21, 2018
Target	Neos
Sector	Electronics
Buyer(s)	Aviva
Deal Type	Add-on Acquisition

Target Company

Neos

Isleworth, United Kingdom

Neos is a smart technology insurance provider which helps customers to monitor and protect their homes with connected devices. Neos was founded in 2016 and is based in London, United Kingdom.

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Buyer Overview 1

Buyer

Aviva

London, United Kingdom

Category	Company
Founded	1696
Sector	Insurance
Employees	29,091
Revenue	31.8B GBP (2024)

DESCRIPTION

Aviva provides various insurance, retirement, investment, and savings products. Aviva was founded in 1696 and is based in London, England.

Deal Context for Buyer	#
Overall	9 of 14
Sector: Electronics	1 of 1
Type: Add-on Acquisition	7 of 10
Country: United Kingdom	6 of 10
Year: 2018	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-10-17	Opteven Villeurbanne, France Opteven is an insurance company specializing in mechanical breakdown cover, maintenance contracts and assistance. Opteven was founded in 1985 and is based in Villeurbanne, France.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2018-10-17

Opteven

Villeurbanne, France

Opteven is an insurance company specializing in mechanical breakdown cover, maintenance contracts and assistance. Opteven was founded in 1985 and is based in Villeurbanne, France.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-02-23	Aviva France SA Paris, France Aviva France SA is a provider of life and general insurance that combines strong life insurance, general insurance, and asset management businesses under one powerful brand. Aviva France is based in Paris, France.	Sell	€3.2B

DATE

TARGET

DEAL TYPE

VALUE

2021-02-23

Aviva France SA

Paris, France

Aviva France SA is a provider of life and general insurance that combines strong life insurance, general insurance, and asset management businesses under one powerful brand. Aviva France is based in Paris, France.

Sell

€3.2B

Explore Related M&A Activity

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