1. Deals Analysis
March 1, 2021

North America’s technology industry saw a rise of 4.55% in deal activity during January 2021

By Carmen

North America’s technology industry saw a rise of 4.55% in 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 713 technology industry deals worth $56.15bn were announced for the region in January 2021, against the 12-month average of 682 deals.

Of all the deal types, M&A saw most activity in January 2021 with 336 transactions, representing a 47.1% share for the region.

In second place was venture financing with 307 deals, followed by private equity deals with 70 transactions, respectively capturing a 43.1% and 9.8% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s technology industry with $44.98bn, while venture financing and private equity deals totalled $7.16bn and $4.02bn, respectively.

North America technology industry deals in January 2021: Top deals

The top five technology deals accounted for 58.7% of the overall value during January 2021.

The combined value of the top five technology deals stood at $32.96bn, against the overall value of $56.15bn recorded for the month.

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

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

2) The $7.3bn merger deal with Alight solutions and Foley Trasimene Acquisition

3) Peraton’s $7.1bn acquisition of Perspecta

4) The $5.7bn acquisition of Coherent by Lumentum Holdings

5) Cisco Systems’ acquisition of Acacia Communications for $4.5bn.

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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