1. Deals Analysis
November 27, 2020updated 01 Dec 2020 3:58pm

Technology industry cross border M&A deals total $23.76bn globally in October 2020

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.

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.

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.

Topics in this article: