Total technology industry internet of things M&A deals worth $6.33bn were announced globally in February 2021, led by Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor, according to GlobalData’s deals database.
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The value marked a decrease of 26.6% over the previous month of $8.62bn and a drop of 41.3% when compared with the last 12-month average, which stood at $10.78bn.
Comparing internet of things M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $5.9bn. At the country level, the UK topped the list in terms of deal value at $5.9bn.
In terms of volumes, Europe emerged as the top region for technology industry internet of things M&A deals globally, followed by North America and then Asia-Pacific.
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The top country in terms of internet of things M&A deals activity in February 2021 was the US with seven deals, followed by the UK with five and China with two.
In 2021, as of February, technology internet of things M&A deals worth $14.94bn were announced globally, marking an increase of 80.05% year on year.
technology industry internet of things M&A deals in February 2021: Top deals
The top three internet of things M&A deals accounted for 100% of the overall value during February 2021.
The combined value of the top three technology internet of things M&A deals stood at $6.33bn, against the overall value of $6.33bn recorded for the month.
The top three technology industry internet of things M&A deals of February 2021 tracked by GlobalData were:
1) Renesas Electronics’ $5.9bn acquisition of Dialog Semiconductor
2) The $400m acquisition of Xirgo Technologies by Sensata Technologies Holding
3) Cogobuy Group’s $23.22m acquisition of EZ Robot