1. Deals Analysis
May 6, 2021

Technology industry M&A deals total $140.61bn in North America in Q1 2021

By Carmen

Total technology industry M&A deals worth $140.61bn were announced in North America in Q1 2021, led by Rogers Communications’ $20.83bn acquisition of Shaw Communications, according to GlobalData’s deals database.

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The value marked an increase of 6.7% over the previous quarter and a rise of 71.1% when compared with the last four-quarter average of $82.17bn.

North America held a 67.46% share of the global technology industry M&A deal value that totalled $208.44bn in Q1 2021. With a 56.41% share and deals worth $117.59bn, the US was the top country in North America’s M&A deal value across technology industry.

In terms of deal activity, North America recorded 1034 deals during Q1 2021, marking an increase of 16.84% over the previous quarter and a rise of 39.68% over the last four-quarter average. The US recorded 915 deals during the quarter.

North America technology industry M&A deals in Q1 2021: Top deals

The top five technology industry M&A deals accounted for 39.7% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $55.8bn, against the overall value of $140.61bn recorded for the quarter.

The top five technology industry deals of Q1 2021 tracked by GlobalData were:

1) Rogers Communications’ $20.83bn acquisition of Shaw Communications

2) The $10bn merger of ironSource and Thoma Bravo Advantage

3) Hitachi’s $9.5bn acquisition of GlobalLogic

4) The $8.36bn acquisition of FLIR Systems by Teledyne Technologies

5) Peraton’s acquisition of Perspecta for $7.1bn.

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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