1. Deals Analysis
March 1, 2021

Technology industry M&A deals total $1.19bn in Asia-Pacific in January 2021

By Carmen

Total technology industry M&A deals worth $1.19bn were announced in Asia-Pacific in January 2021, led by Tencent Music Entertainment Group’s $432.54m acquisition of Shenzhen Lanren Online Technology Co, according to GlobalData’s deals database.

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The value marked a decrease of 83.3% over the previous month of $7.11bn and a drop of 88.2% when compared with the last 12-month average of $10.08bn.

Asia-Pacific held a 1.58% share of the global technology industry M&A deal value that totalled $75.13bn in January 2021. With a 1.07% share and deals worth $804.37m, China was the top country in Asia-Pacific’s M&A deal value across technology industry.

In terms of M&A deal activity, Asia-Pacific recorded 87 deals during January 2021, marking a decrease of 48.52% over the previous month and a drop of 34.59% over the 12-month average. China recorded 26 deals during the month.

Asia-Pacific technology industry M&A deals in January 2021: Top deals

The top five technology industry M&A deals accounted for 69.6% of the overall value during January 2021.

The combined value of the top five technology deals stood at $826.15m, against the overall value of $1.19bn recorded for the month.

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

1) Tencent Music Entertainment Group’s $432.54m acquisition of Shenzhen Lanren Online Technology Co

2) The $159.67m acquisition of Beijing ZTE Gundam Communication Technology by Beijing Yitang Semiconductor Industry Investment Center

3) Dagang NeXchange’s $116.1m acquisition of Silterra Malaysia Sdn

4) The $62.28m acquisition of Pentagon Holdco by ReadyTech

5) Shaoxing Lanyue Film and Television Partnership (Limited Partnership)’s acquisition of Zhejiang Shengxi Huashi Culture Media for $55.55m.

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.

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