Total technology industry cross border deals worth $56.3bn were announced globally for March 2021, with the $10bn merger of ironSource and Thoma Bravo Advantage being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 57.8% over the previous month of $35.68bn and a rise of 64.9% when compared with the last 12-month average of $34.15bn.
In terms of number of cross border deals, the sector saw a rise of 53.33% with 667 deals in March 2021 when compared to the last 12-month average of 435 deals.
In value terms, North America led the activity with cross border deals worth $29.1bn in March 2021.
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technology industry cross border deals in March 2021: Top deals
The top five cross border deals accounted for 50.6% of the overall value during March 2021.
The combined value of the top five cross border deals stood at $28.46bn, against the overall value of $56.3bn recorded for the month.
The top five technology industry cross border deals of March 2021 tracked by GlobalData were:
1) The $10bn merger of ironSource and Thoma Bravo Advantage
2) The $9.5bn acquisition of GlobalLogic by Hitachi
3) Singapore Technologies Engineering’s $3.25bn acquisition of Cubic
4) The $3.21bn acquisition deal of Gamesys Group by Ballys
5) Broadridge Financial Solutions’ acquisition deal with Itiviti Group for $2.5bn.