Total technology industry cross border deals worth $24.81bn were announced globally for January 2021, with the $11.21bn acquisition of Temenos being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 19.2% over the previous month of $30.72bn and a drop of 25.05% when compared with the last 12-month average of $33.1bn.
In terms of number of cross border deals, the sector saw a drop of 2.88% with 405 deals in January 2021 when compared to the last 12-month average of 417 deals.
In value terms, Europe led the activity with cross border deals worth $16.22bn in January 2021.
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By GlobalDatatechnology industry cross border deals in January 2021: Top deals
The top five cross border deals accounted for 62.5% of the overall value during January 2021.
The combined value of the top five cross border deals stood at $15.5bn, against the overall value of $24.81bn recorded for the month.
The top five technology industry cross border deals of January 2021 tracked by GlobalData were:
1) Arab Investment Bank S.A.L.’s $11.21bn acquisition of Temenos
2) The $1.65bn acquisition of Tripp Lite by Eaton Corporation
3) SAP’s $1.22bn acquisition of Signavio
4) The $720m private equity deal of ThoughtWorks by Fidelity Management & Research, GIC, Mubadala Investment and Siemens
5) Workday’s venture financing deal with Peakon for $700m.