1. Deals Analysis
September 24, 2020

Technology industry M&A deals in August 2020 total $4.95bn in China

By Carmen

Total technology industry M&A deals in August 2020 worth $4.95bn were announced in China, according to GlobalData’s deals database.

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The value marked a decrease of 15.04% over the previous month and a rise of 197% when compared with the last 12-month average of $1.67bn.

China held a 7.9% share of the global technology industry M&A deal value that totalled $62.48bn in August 2020.

In terms of deal activity, China recorded 43 deals during August 2020, marking an increase of 38.7% over the previous month and a rise of 95.5% over the 12-month average.

China technology industry M&A deals in August 2020: Top deals

The top five technology industry M&A deals accounted for 89.9% of the overall value during August 2020.

The combined value of the top five technology M&A deals stood at $4.45bn, against the overall value of $4.95bn recorded for the month.

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

1) Lens Technology’s $1.43bn asset transaction with Catcher Technology

2) The $1.08bn asset transaction with Samsung Display by China Star Optoelectronics Technology

3) Linen Investment’s $810m acquisition of HUYA

4) The $739m acquisition of TCL Huaxing Optoelectronics Technology by Samsung Display

5) Harbin High-Tech (Group)’s acquisition of Shanghai Great Wisdom for $386.5m.

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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