Total technology industry M&A deals in Q3 2020 worth $8.37bn were announced in Canada, according to GlobalData’s deals database.

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The value marked an increase of 545.4% over the previous quarter and a rise of 168.9% when compared with the last four-quarter average of $3.11bn.

Canada held a 3.3% share of the global technology industry M&A deal value that totalled $257.14bn in Q3 2020.

In terms of deal activity, Canada recorded 77 deals during Q3 2020, marking a rise of 45.3% over the previous quarter and a rise of 4.05% over the last four-quarter average.

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Canada technology industry M&A deals in Q3 2020: Top deals

The top five technology industry M&A deals accounted for 99.4% of the overall value during Q3 2020.

The combined value of the top five technology M&A deals stood at $8.32bn, against the overall value of $8.37bn recorded for the month.

The top five technology industry deals of Q3 2020 tracked by GlobalData were:

1) Altice USA’s $7.9bn acquisition of Cogeco Communications and Cogeco

2) The $165m asset transaction with Sierra Wireless by Fibocom Wireless and Rolling Wireless (H.K.)

3) Danaher’s $103m acquisition of AQUATIC INFORMATICS

4) The $80.37m acquisition of Pivot Technology Solutions by Computacenter

5) Shoppers Drug Mart’s acquisition of Maple for $75m.

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.