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.
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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.