1. Deals Analysis
February 3, 2021

Technology industry M&A deals in Q4 2020 total $3.96bn in Canada

By Carmen

Total technology industry M&A deals in Q4 2020 worth $3.96bn were announced in Canada, according to GlobalData’s deals database.

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The value marked a decrease of 69.4% over the previous quarter and a drop of 37.3% when compared with the last four-quarter average of $6.31bn.

Canada held a 1.6% share of the global technology industry M&A deal value that totalled $243.37bn in Q4 2020.

In terms of deal activity, Canada recorded 99 deals during Q4 2020, marking a rise of 22.2% over the previous quarter and a rise of 28.6% over the last four-quarter average.

Canada technology industry M&A deals in Q4 2020: Top deals

The top five technology industry M&A deals accounted for 93.3% of the overall value during Q4 2020.

The combined value of the top five technology M&A deals stood at $3.69bn, against the overall value of $3.96bn recorded for the quarter.

The top five technology industry deals of Q4 2020 tracked by GlobalData were:

1) Nasdaq’s $2.75bn acquisition of Verafin

2) The $413.95m acquisition of DoProcess by Dye & Durham

3) Cogeco Connexion’s $307.7m acquisition of DERYtelecom

4) The $113.01m acquisition of East Side Games by LEAF Mobile

5) Embracer Lager Group1’s acquisition of A Thinking Ape Entertainment for $105m.

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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