Total technology industry cross border M&A deals worth $4.67bn were announced in North America in February 2021, led by Embracer Group’s $1.37bn acquisition of Gearbox, according to GlobalData’s deals database.
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The value marked an increase of 40.2% over the previous month of $3.33bn and a drop of 25.04% when compared with the last 12-month average of $6.23bn.
North America held a 20.99% share of the global technology industry cross border M&A deal value that totalled $22.25bn in February 2021. With a 20.99% share and deals worth $4.67bn, 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 February 2021, marking a decrease of 7.46% over the previous month and a rise of 31.91% over the 12-month average. The US recorded 49 deals during the month.
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North America technology industry cross border M&A deals in February 2021: Top deals
The top five technology industry cross border M&A deals accounted for 91.2% of the overall value during February 2021.
The combined value of the top five technology cross border deals stood at $4.26bn, against the overall value of $4.67bn recorded for the month.
The top five technology industry cross border M&A deals of February 2021 tracked by GlobalData were:
1) Embracer Group’s $1.37bn acquisition of Gearbox
2) The $1.17bn acquisition of SpotX by Magnite
3) Sinch’s $1.14bn acquisition of Inteliquent
4) The $361.42m acquisition of Gerber Technology by Lectra
5) Kaleyra’s acquisition of mGage for $215m.