Total technology industry deals for July 2020 worth $67.1bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 50.6% over the previous month and a rise of 60.8% when compared with the last 12-month average of $41.74bn.
In terms of number of deals, the sector saw a drop of 5.5% over the last 12-month average with 1406 deals against the average of 1487 deals.
In value terms, North America led the activity with deals worth $43.75bn.
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Technology industry deals in July 2020: Top deals
The top five technology deals accounted for 55.3% of the overall value during July 2020.
The combined value of the top five technology deals stood at $37.07bn, against the overall value of $67.1bn recorded for the month.
The top five technology industry deals of July 2020 tracked by GlobalData were:
1) Analog Devices’ $20.45bn acquisition of Maxim Integrated Products
2) The merger of Clarivate Analytics (US) and CPA Global for $6.8bn
3) Tencent Holdings’ $3.5bn acquisition of Sogou
4) The $3.39bn private equity deal with IFS by EQT IX Fund, EQT VIII and TA Associates Management
5) Highline do Brasil II Infraestrutura de Telecomunicacoes’ asset transaction with Oi for $2.94bn.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.