WCM Investment Management’s $984.44m private equity with Amadeus IT Group was the technology industry’s biggest internet of things deal of Q4 2020 as internet of things deals worth $6.78bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 94.1% over the previous quarter and a drop of 84.5% when compared with the last four-quarter average of $43.59bn.
In terms of number of internet of things deals, the sector saw a drop of 17.89% over the last four-quarter average with 257 deals against the average of 313 deals.
In value terms, Asia-Pacific led the activity with internet of things deals worth $2.33bn.
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By GlobalDatatechnology industry internet of things deals in Q4 2020: Top deals
The top five technology industry internet of things deals accounted for 42.1% of the overall value during Q4 2020.
The combined value of the top five internet of things deals stood at $2.85bn, against the overall value of $6.78bn recorded for the quarter.
The top five technology industry internet of things deals of Q4 2020 tracked by GlobalData were:
1) WCM Investment Management’s $984.44m private equity with Amadeus IT Group
2) The $566.43m acquisition of Telink Microelectronics (Shanghai) by Beijing Teamsun Technology
3) Baillie Gifford, Fidelity Management & Research, Greylock Partners, SoftBank Vision Fund one and T. Rowe Price Group’s $500m venture financing of Nuro
4) The $500m venture financing of Hangzhou Lianke Meixun Biomedical Technology by GL Ventures, Hillhouse Capital Group, Tencent Holdings and TrustBridge Partners
5) Circet Group’s acquisition of Esas Group for $303.05m.
