1. Deals Analysis
May 5, 2021

Technology industry M&A deals total $17.69bn in Asia-Pacific in Q1 2021

By Carmen

Total technology industry M&A deals worth $17.69bn were announced in Asia-Pacific in Q1 2021, led by Beijing ByteDance Technology’s $4bn acquisition of Shanghai Mutong Technology, according to GlobalData’s deals database.

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The value marked a decrease of 45.3% over the previous quarter and a drop of 41.8% when compared with the last four-quarter average of $30.37bn.

Asia-Pacific held an 8.49% share of the global technology industry M&A deal value that totalled $208.44bn in Q1 2021. With a 3.19% share and deals worth $6.65bn, China was the top country in Asia-Pacific’s M&A deal value across technology industry.

In terms of deal activity, Asia-Pacific recorded 438 deals during Q1 2021, marking a decrease of 2.23% over the previous quarter and a rise of 9.50% over the last four-quarter average. Japan recorded 109 deals during the quarter.

Asia-Pacific technology industry M&A deals in Q1 2021: Top deals

The top five technology industry M&A deals accounted for 65.2% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $11.53bn, against the overall value of $17.69bn recorded for the quarter.

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

1) Beijing ByteDance Technology’s $4bn acquisition of Shanghai Mutong Technology

2) The $3.35bn acquisition of Vocus Group by Macquarie Infrastructure and Real Assets (MIRA)

3) Match Group’s $1.73bn acquisition of Hyperconnect

4) The $1.4bn acquisition of Magnachip Semiconductor by Michigan Merger Sub and South Dearborn

5) Bentley Systems’ acquisition of Seequent for $1.05bn.

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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