US technology industry saw a rise of 5.15% in overall deal activity during January 2021, when compared with the last 12-month average, led by Teledyne Technologies’ $8.36bn acquisition of FLIR Systems, according to GlobalData’s deals database.

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A total of 653 deals worth $55.14bn were announced in January 2021, compared with the 12-month average of 621 deals.

M&A was the leading category in the month in terms of volume with 299 deals, which accounted for 45.8% of all deals.

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In second place was venture financing with 292 deals, followed by private equity with 62 transactions, respectively accounting for 44.7% and 9.5% of overall deal activity in the US technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the US technology industry with total deals worth $44.33bn, while venture financing and private equity deals totalled $7bn and $3.8bn, respectively.

US technology industry deals in January 2021: Top deals

The top five technology industry deals accounted for 59.8% of the overall value during January 2021.

The combined value of the top five technology deals stood at $32.96bn, against the overall value of $55.14bn recorded for the month.

The top five technology industry deals of January 2021 tracked by GlobalData were:

1) Teledyne Technologies’ $8.36bn acquisition of FLIR Systems

2) The $7.3bn merger of Alight solutions and Foley Trasimene Acquisition

3) Peraton’s $7.1bn acquisition of Perspecta

4) The $5.7bn acquisition deal with Coherent by Lumentum Holdings

5) Cisco Systems’ acquisition of Acacia Communications for $4.5bn.