1. Deals Analysis
February 25, 2021

North America’s technology industry saw a drop of 6.86% in artificial intelligence deal activity during January 2021

By Carmen

North America’s technology industry saw a drop of 6.86% in artificial intelligence 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 95 technology industry artificial intelligence deals worth $10.65bn were announced for the region in January 2021, against the 12-month average of 102 deals.

Of all the deal types, venture financing saw most activity in January 2021 with 63 transactions, representing a 66.3% share for the region.

In second place was M&A with 28 deals, followed by private equity deals with four transactions, respectively capturing a 29.5% and 4.2% share of the overall artificial intelligence deal activity for the month.

In terms of value of artificial intelligence deals, M&A was the leading category in North America’s technology industry with $9.48bn, while venture financing and private equity deals totalled $1.02bn and $150m, respectively.

North America technology industry artificial intelligence deals in January 2021: Top deals

The top five technology artificial intelligence deals accounted for 90.5% of the overall value during January 2021.

The combined value of the top five technology artificial intelligence deals stood at $9.64bn, against the overall value of $10.65bn recorded for the month.

The top five technology industry artificial intelligence deals of January 2021 tracked by GlobalData were:

1) Teledyne Technologies’ $8.36bn acquisition of FLIR Systems

2) The $640m acquisition deal with Kount by Equifax

3) $350m merger of Crescent Acquisition and LiveVox

4) The $150m private equity deal with BloomReach by Sixth Street Growth

5) Sienna Capital S.a and SoftBank Vision Fund’s venture financing of Globality for $138.3m.

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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