1. Deals Analysis
November 27, 2020updated 01 Dec 2020 4:02pm

Technology industry cross border M&A deals total $104.34bn globally in Q3 2020

Total technology industry cross border M&A deals worth $104.34bn were announced globally in Q3 2020, led by NVIDIA’s $40bn acquisition of ARM, according to GlobalData’s deals database.

The value marked an increase of 175.2% over the previous quarter and a rise of 231.76% when compared with the last four-quarter average, which stood at $31.45bn.

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 $62.13bn. At the country level, the UK topped the list in terms of deal value at $47.36bn.

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 Q3 2020 was the US with 98 deals, followed by the UK with 58 and Canada with 36.

In 2020, at the end of third quarter, cross border M&A deals worth $158.25bn were announced globally in technology industry, marking an increase of 90.6% year on year.

Cross border M&A deals in technology industry in Q3 2020: Top deals

The top five cross border M&A deals in technology industry accounted for 69% of the overall value during Q3 2020.

The combined value of the top deals stood at $71.95bn, against the overall value of $104.34bn recorded for the quarter.

The top five technology industry cross border M&A deals of Q3 2020 tracked by GlobalData were:

1) NVIDIA’s $40bn acquisition of ARM

2) The $9.2bn acquisition of eBay Classifieds Group by Adevinta

3) Altice USA’ $8.52bn acquisition of Cogeco and Cogeco Communications

4) The $7.43bn acquisition of Sunrise Communications by Liberty Global

5) Merger of Clarivate Analytics (US) and CPA Global for $6.8bn.

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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