The $10bn merger deal with ironSource and Thoma Bravo Advantage was the technology industry’s biggest cross border deal of Q1 2021 as cross border deals worth $108.62bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 21.6% over the previous quarter and a rise of 8.1% when compared with the last four-quarter average of $100.46bn.
In terms of number of cross border deals, the sector saw a rise of 38.17% with 1733 deals in Q1 2021 against the average of 1254.25 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $46.15bn.
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By GlobalDatatechnology industry cross border deals in Q1 2021: Top deals
The top five technology industry cross border deals accounted for 32.2% of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $34.92bn, against the overall value of $108.62bn recorded for the quarter.
The top five technology industry cross border deals of Q1 2021 tracked by GlobalData were:
1) The $10bn merger deals with ironSource and Thoma Bravo Advantage
2) The $9.5bn acquisition of GlobalLogic by Hitachi
3) Cellnex Telecom’s $6.27bn acquisition of Hivory
4) The $5.9bn acquisition of Dialog Semiconductor by Renesas Electronics
5) Singapore Technologies Engineering’s acquisition of Cubic for $3.25bn.
