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M&A Deal Summary

Aviva Acquires Neos

On November 21, 2018, Aviva acquired electronics company Neos

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2018-11-21
Target Neos
Sector Electronics
Buyer(s) Aviva
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Aviva

London, United Kingdom
Category Company
Founded 1696
Sector Insurance
Employees29,091
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 STATS #
Overall 9 of 14
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 10
Country: United Kingdom M&A 6 of 10
Year: 2018 M&A 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 -
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
Mergr

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