Total technology industry internet of things M&A deals worth $8.41bn were announced globally in January 2021, led by Teledyne Technologies’ $8.36bn acquisition of FLIR Systems, according to GlobalData’s deals database.

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The value marked an increase of 2135.2% over the previous month of $376.25m and a drop of 20.7% when compared with the last 12-month average, which stood at $10.6bn.

Comparing internet of things M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $8.41bn. At the country level, the US topped the list in terms of deal value at $8.41bn.

In terms of volumes, North America emerged as the top region for technology industry internet of things M&A deals globally, followed by Asia-Pacific and then Europe.

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The top country in terms of internet of things M&A deals activity in January 2021 was the US with 12 deals, followed by the Canada with two and India with one.

In 2021, as of January, technology internet of things M&A deals worth $8.41bn were announced globally, marking an increase of 30.6% year on year.

technology industry internet of things M&A deals in January 2021: Top deals

The top five internet of things M&A deals accounted for 100% of the overall value during January 2021.

The combined value of the top five technology internet of things M&A deals stood at $8.41bn, against the overall value of $8.41bn recorded for the month.

The top five technology industry internet of things M&A deals of January 2021 tracked by GlobalData were:

1) Teledyne Technologies’ $8.36bn acquisition of FLIR Systems

2) The $23m acquisition of NimbeLink by Airgain

3) AgEagle Aerial Systems’ $23m acquisition of MicaSense

4) The $2.78m acquisition of Shenzhen Inboda Intelligent Technology by Zhong Fu Tong Group

5) Litelink Technologies’ acquisition of 3030 IoT for $0.04m.