Total technology industry cross border M&A deals worth $5.1bn were announced in Asia-Pacific in April 2021, led by $4.5bn merger of Altimeter Growth and Grab Holdings, according to GlobalData’s deals database.
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The value marked an increase of 43.8% over the previous month of $3.56bn and a rise of 80.3% when compared with the last 12-month average of $2.84bn.
Asia-Pacific held a 27.05% share of the global technology industry cross border M&A deal value that totalled $18.93bn in April 2021. With a 23.77% share and deals worth $4.5bn, Singapore was the top country in Asia-Pacific’s cross border M&A deal value across technology industry.
In terms of cross border M&A deal activity, Asia-Pacific recorded 25 deals during April 2021, marking a decrease of 51.92% over the previous month and a drop of 19.35% over the 12-month average. Singapore recorded seven deals during the month.
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By GlobalDataAsia-Pacific technology industry cross border M&A deals in April 2021: Top deals
The top five technology industry cross border M&A deals accounted for 99.1% of the overall value during April 2021.
The combined value of the top five technology cross border deals stood at $5.07bn, against the overall value of $5.1bn recorded for the month.
The top five technology industry cross border M&A deals of April 2021 tracked by GlobalData were:
1) The $4.5bn merger of Altimeter Growth and Grab Holdings
2) The $280m acquisition of 4% stake in PT Elang Mahkota Teknologi by Grab Holdings
3) Wipro’s $116.81m acquisition of Ampion Holdings
4) The $99.48m acquisition of Smart Telecom by OCC
5) Dev Clever’s acquisition of Veative Labs for $75.01m.
