Total technology industry cross border M&A deals worth $7.5bn were announced in North America in May 2021, led by Clarivate’s $5.3bn acquisition of ProQuest, according to GlobalData’s deals database.
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The value marked a decrease of 10.6% over the previous month of $8.33bn and a rise of 5.7% when compared with the last 12-month average of $7.05bn.
North America held a 38.76% share of the global technology industry cross border M&A deal value that totalled $19.22bn in May 2021. With a 36.21% share and deals worth $6.96bn, 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 56 deals during May 2021, marking a decrease of 8.20% over the previous month and a rise of 24.44% over the 12-month average. The US recorded 48 deals during the month.
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North America technology industry cross border M&A deals in May 2021: Top deals
The top five technology industry cross border M&A deals accounted for 89.9% of the overall value during May 2021.
The combined value of the top five technology cross border deals stood at $6.7bn, against the overall value of $7.5bn recorded for the month.
The top five technology industry cross border M&A deals of May 2021 tracked by GlobalData were:
1) Clarivate’s $5.3bn acquisition of ProQuest
2) The $500m acquisition of Clever by Kahoot!
3) Absolute Software’s $340m acquisition of NetMotion Software
4) The $318.9m acquisition of Photon Control by MKS Instruments
5) Better Collective’s acquisition of Action Network for $240m.