North America’s technology industry saw a rise of 13.46% in cross border deal activity during January 2021, when compared with the last 12-month average, led by Eaton Corporation’s $1.65bn acquisition of Tripp Lite, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 118 technology industry cross border deals worth $6.19bn were announced for the region in January 2021, against the 12-month average of 104 deals.

Of all the deal types, M&A saw most activity in January 2021 with 62 transactions, representing a 52.5% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with 42 deals, followed by private equity deals with 14 transactions, respectively capturing a 35.6% and 11.9% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in North America’s technology industry with $3.27bn, while venture financing and private equity deals totalled $1.56bn and $1.36bn, respectively.

North America technology industry cross border deals in January 2021: Top deals

The top five technology cross border deals accounted for 63.5% of the overall value during January 2021.

The combined value of the top five technology cross border deals stood at $3.93bn, against the overall value of $6.19bn recorded for the month.

The top five technology industry cross border deals of January 2021 tracked by GlobalData were:

1) Eaton Corporation’s $1.65bn acquisition of Tripp Lite

2) The $720m private equity deal with ThoughtWorks by Fidelity Management & Research, GIC, Mubadala Investment and Siemens

3) Naver’s $600m acquisition of WP Technology

4) The $520m venture financing of ROBLOX by Altimeter Capital Management, Dragoneer Investment Group, Investment Group of Santa Barbara and WMG Boost

5) Sangoma Technologies’ acquisition of Star2Star Communications for $437m.