Total technology industry cross border M&A deals worth $10.2bn were announced globally in July 2021, led by iWebb’s $3.7bn acquisition of Tingo Mobile, according to GlobalData’s deals database.
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The value marked a decrease of 39% over the previous month of $16.7bn and a drop of 57.7% when compared with the last 12-month average, which stood at $24.07bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $5bn. At the country level, the Nigeria topped the list in terms of deal value at $3.7bn.
In terms of volumes, Europe emerged as the top region for technology industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
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The top country in terms of cross border M&A deals activity in July 2021 was the US with 40 deals, followed by the UK with 31 and Australia with 17.
In 2021, as of July, technology cross border M&A deals worth $116.84bn were announced globally, marking an increase of 155.5% year on year.
technology industry cross border M&A deals in July 2021: Top deals
The top five cross border M&A deals accounted for 72.8% of the overall value during July 2021.
The combined value of the top five technology cross border M&A deals stood at $7.42bn, against the overall value of $10.2bn recorded for the month.
The top five technology industry cross border M&A deals of July 2021 tracked by GlobalData were:
1) Tingo Mobile $3.7bn acquisition deal with iWebb
2) The $1.26bn acquisition of 91.25% stake in Sumo Group by Sixjoy Hong Kong
3) Daily Mail & General Trust $1.13bn acquisition deal for 70% stake in Rothermere Continuation
4) Green Mountain $857.66m acquisition deal with Azrieli Group
5) The $472.7m acquisition of CANCOM by ElevenPaths