North America’s technology industry saw a drop of 6.06% in internet of things deal activity during January 2021, when compared with the last 12-month average, led by Teledyne Technologies’ $8.36bn acquisition of FLIR Systems, according to GlobalData’s deals database.
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A total of 31 technology industry internet of things deals worth $8.53bn were announced for the region in January 2021, against the 12-month average of 33 deals.
Of all the deal types, venture financing saw most activity in January 2021 with 15 transactions, representing a 48.4% share for the region.
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In second place was M&A with 14 deals, followed by private equity deals with two transactions, respectively capturing a 45.2% and 6.5% share of the overall internet of things deal activity for the month.
In terms of value of internet of things deals, M&A was the leading category in North America’s technology industry with $8.41bn, followed by venture financing deals totalled $124.93m.
North America technology industry internet of things deals in January 2021: Top deals
The top five technology internet of things deals accounted for 98.9% of the overall value during January 2021.
The combined value of the top five technology internet of things deals stood at $8.44bn, against the overall value of $8.53bn recorded for the month.
The top five technology industry internet of things deals of January 2021 tracked by GlobalData were:
1) Teledyne Technologies’ $8.36bn acquisition of FLIR Systems
2) The $23m venture financing deal with NimbeLink by Airgain
3) AgEagle Aerial Systems’ $23m acquisition of MicaSense
4) The $17m acquisition of Starship Technologies by Goodyear Ventures and TDK Ventures
5) Evertz Microsystems and Verizon Ventures’ venture financing of ShotTracker for $11m.