1. Deals Analysis
May 20, 2021

Technology industry M&A deals total $1.1bn in Middle East and Africa in April 2021

By Carmen

Total technology industry M&A deals worth $1.1bn were announced in Middle East and Africa in April 2021, led by $880m merger of Cellebrite Mobile Synchronization and TWC Tech Holdings II, according to GlobalData’s deals database.

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The value marked a decrease of 88.8% over the previous month of $10.2bn and a drop of 32.1% when compared with the last 12-month average of $1.68bn.

Middle East and Africa held a 1.67% share of the global technology industry M&A deal value that totalled $68.35bn in April 2021. With a 1.54% share and deals worth $1.05bn, Israel was the top country in Middle East and Africa’s M&A deal value across technology industry.

In terms of M&A deal activity, Middle East and Africa recorded 24 deals during April 2021, marking an increase of 14.29% over the previous month and a rise of 71.43% over the 12-month average. Israel recorded 13 deals during the month.

Middle East and Africa technology industry M&A deals in April 2021: Top deals

The top five technology industry M&A deals accounted for 91.7% of the overall value during April 2021.

The combined value of the top five technology deals stood at $1.05bn, against the overall value of $1.1bn recorded for the month.

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

1) The $880m merger of Cellebrite Mobile Synchronization and TWC Tech Holdings II

2) The $90.24m acquisition of Zap Group by Formula Systems (1985)

3) Nano Dimension’s $59.4m acquisition of Nanofabrica

4) The $17.8m acquisition of Klear by Meltwater

5) Xigem Technologies’ acquisition of 21% stake in Alperton for $1.1m.

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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