Large crossborder mergers and acquisitions in the technology sector are back in favour, according to a report from PricewaterhouseCoopers, in a week that has already seen two European technology deals, each worth around €200m ($233m).

The latest technology deal, agreed on Tuesday, will result in Open Text, a Canadian software company, acquiring German rival Ixos for €199m. Rothschild is financial adviser to Ixos, giving the bank its second European technology M&A deal in a week. On Monday the firm worked for Transiciel, the French IT technology company, on its agreed €244m takeover by rival Cap Gemini, also French.