S&P Global’s $44bn acquisition of IHS Markit was the technology industry’s biggest cross border deal of Q4 2020 as cross border deals worth $135.95bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 1.8% over the previous quarter and a rise of 59.4% when compared with the last four-quarter average of $85.31bn.
In terms of number of cross border deals, the sector saw a rise of 12.39% over the last four-quarter average with 1379 deals against the average of 1227 deals.
In value terms, Europe led the activity with cross border deals worth $83.61bn.
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By GlobalDatatechnology industry cross border deals in Q4 2020: Top deals
The top five technology industry cross border deals accounted for 58.4% of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $79.45bn, against the overall value of $135.95bn recorded for the quarter.
The top five technology industry cross border deals of Q4 2020 tracked by GlobalData were:
1) S&P Global’s $44bn acquisition of IHS Markit
2) The $11.69bn asset transaction with CK Hutchison Holdings by Cellnex Telecom
3) Marvell Technology Group’s $10.27bn acquisition of Inphi
4) The $9bn asset transaction with Intel by SK Hynix
5) GlobalWafers’ acquisition of Siltronic for $4.49bn.
