1. Deals Analysis
July 27, 2021

Technology industry M&A deals total $1.5bn in Australia in June 2021

By Carmen

Total technology industry M&A deals worth $1.5bn were announced in Australia in June 2021, with Sinch’s $1.3bn acquisition of Message4U being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 61.9% over the previous month of $920.15m and a rise of 142.8% when compared with the last 12-month average of $613.69m.

Australia held a 5.09% share of the global technology industry M&A deal value that totalled $29.3bn in June 2021.

In terms of M&A deal activity, the Australia recorded 22 deals during June 2021, marking an increase of 37.50% over the previous month and a rise of 22.22% over the 12-month average.

Australia technology industry M&A deals in June 2021: Top deals

The top five technology industry M&A deals accounted for 98.5% of the overall value during June 2021.

The combined value of the top five technology M&A deals stood at $1.47bn, against the overall value of $1.5bn recorded for the month.

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

1) Sinch’s $1.3bn acquisition of Message4U

2) The $85.25m acquisition of Exetel by Superloop

3) Access Intelligence’ $51.66m acquisition of iSentia Group.

4) The $19.8m acquisition of Panviva by Upland Software

5) Caterpillar Holdings Australia’s acquisition of MINETEC Pty. for $13.95m.

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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