1. Deals Analysis
August 29, 2021

Technology industry cross border M&A deals total $10.2bn globally in July 2021

By Carmen

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.

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

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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