Total technology industry cross border M&A deals worth $3.27bn were announced in North America in January 2021, led by Eaton Corporation’s $1.65bn acquisition of Tripp Lite, according to GlobalData’s deals database.
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The value marked a decrease of 73.1% over the previous month of $12.16bn and a drop of 46.4% when compared with the last 12-month average of $6.1bn.
North America held an 18.51% share of the global technology industry cross border M&A deal value that totalled $17.67bn in January 2021. With a 15.11% share and deals worth $2.67bn, the US was the top country in North America’s cross border M&A deal value across technology industry.
In terms of cross border M&A deal activity, North America recorded 62 deals during January 2021, marking a decrease of 16.22% over the previous month and a rise of 34.78% over the 12-month average. The US recorded 43 deals during the month.
North America technology industry cross border M&A deals in January 2021: Top deals
The top five technology industry cross border M&A deals accounted for 96.2% of the overall value during January 2021.
The combined value of the top five technology cross border deals stood at $3.15bn, against the overall value of $3.27bn 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 $600m acquisition of WP Technology by Naver
3) Sangoma Technologies’ $437m acquisition of Star2Star Communications
4) The $250m acquisition of StreamYard by Hopin
5) Media and Games Invest’s acquisition of KingsIsle Entertainment for $210m.
Verdict deals analysis methodology
This analysis considers only announced and completed big data 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.