Total technology industry M&A deals worth $13.9bn were announced in North America in October 2021, led by Zendesk’s $4.17bn acquisition of SurveyMonkey, according to GlobalData’s deals database.
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The value marked a decrease of 42.5% over the previous month of $24.17bn and a drop of 61% when compared with the last 12-month average of $35.49bn.
North America held a 55.51% share of the global technology industry M&A deal value that totalled $24.97bn in October 2021. With a 53.42% share and deals worth $13.34bn, the US was the top country in North America’s M&A deal value across technology industry.
In terms of M&A deal activity, North America recorded 279 deals during October 2021, marking an increase of 2.95% over the previous month and a rise of 1.45% over the 12-month average. The US recorded 248 deals during the month.
North America technology industry M&A deals in October 2021: Top deals
The top five technology industry M&A deals accounted for 71.8% of the overall value during October 2021.
The combined value of the top five technology deals stood at $9.96bn, against the overall value of $13.9bn recorded for the month.
The top five technology industry M&A deals of October 2021 tracked by GlobalData were:
1) Zendesk $4.17bn acquisition deal with SurveyMonkey
2) The $2.5bn acquisition of Sirius Computer Solutions by CDW
3) FirstCash $1.17bn acquisition deal with American First Finance
4) The $1.07bn acquisition of Lucid Holdings by Cint Group
5) AppLovin $1.05bn acquisition deal with MoPub
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.