1. Deals Analysis
June 29, 2021

Technology industry cross border M&A deals total $7.5bn in North America in May 2021

By Carmen

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.

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.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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.

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