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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technology 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.