Total technology industry cross border M&A deals worth $2.67bn were announced in the US in January 2021, with Eaton Corporation’s $1.65bn acquisition of Tripp Lite being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 78.04% over the previous month of $12.16bn and a drop of 43.1% when compared with the last 12-month average of $4.69bn.
The US held a 15.11% share of the global technology industry cross border M&A deal value that totalled $17.67bn in January 2021.
In terms of cross border M&A deal activity, the US recorded 43 deals during January 2021, marking a decrease of 32.81% over the previous month and a rise of 22.86% over the 12-month average.
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US technology industry cross border M&A deals in January 2021: Top deals
The top five technology industry cross border M&A deals accounted for 98.4% of the overall value during January 2021.
The combined value of the top five technology cross border M&A deals stood at $2.63bn, against the overall value of $2.67bn recorded for the month.
The top five technology industry cross border M&A deals of January 2021 tracked by GlobalData were:
1) Eaton Corporation’s $1.65bn acquisition of Tripp Lite
2) The $437m acquisition of Star2Star Communications by Sangoma Technologies
3) Hopin’ $250m acquisition of StreamYard.
4) The $210m acquisition of KingsIsle Entertainment by Media and Games Invest
5) LG Electronics’ acquisition of Alphonso for $80m.