1. Deals Analysis
July 24, 2020

Technology industry M&A deals in Q2 2020 total $1.32bn in Canada

By Carmen

Total technology industry M&A deals in Q2 2020 worth $1.32bn were announced in Canada, according to GlobalData’s deals database.

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The value marked a decrease of 9.8% over the previous quarter and a drop of 59.7% when compared with the last four-quarter average of $3.26bn.

Canada held a 2.02% share of the global technology industry M&A deal value that totalled $65.23bn in Q2 2020.

In terms of deal activity, Canada recorded 52 deals during Q2 2020, marking a drop of 43.5% over the previous quarter and a drop of 36.6% over the last four-quarter average.

Canada technology industry M&A deals in Q2 2020: Top deals

The top five technology industry M&A deals accounted for 94.9% of the overall value during Q2 2020.

The combined value of the top five technology M&A deals stood at $1.25bn, against the overall value of $1.32bn recorded for the month.

The top five technology industry deals of Q2 2020 tracked by GlobalData were:

1) Equinix’s $750m asset transaction with BCE

2) The merger of Aimia and Kognitiv for $374.83m.

3) Kinaxis’ $60m acquisition of Rubikloud Technologies

4) The $35.23m acquisition of VIZIYA by Prometheus Group

5) Planet DDS’s acquisition of Apteryx Imaging for $28.69m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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