Total technology industry cross border M&A deals worth $23.76bn were announced globally in October 2020, led by Marvell Technology Group’s $10.27bn acquisition of Inphi, according to GlobalData’s deals database.

The value marked a decrease of 60.8% over the previous month and a rise of 36.6% when compared with the last 12-month average, which stood at $17.4bn.

Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $11.49bn. At the country level, the US topped the list in terms of deal value at $11.49bn.

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 October 2020 was the US with 35 deals, followed by the UK with 25 and Germany with 11.

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In 2020, as of October, technology cross border M&A deals worth $182.01bn were announced globally, marking an increase of 70.1% year on year.

Technology industry cross border M&A deals in October 2020: Top deals

The top five cross border M&A deals accounted for 89.6% of the overall value during October 2020.

The combined value of the top five technology cross border M&A deals stood at $21.3bn, against the overall value of $23.76bn recorded for the month.

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

1) Marvell Technology Group’s $10.27bn acquisition of Inphi

2) The $9bn asset transaction with Intel by SK Hynix

3) Dun & Bradstreet Holdings’ $807.41m acquisition of Bisnode

4) The $690m acquisition of Health Advocate by Teleperformance

5) Bandwidth’s acquisition of Voxbone for $527.27m.