1. Deals Analysis
June 1, 2021

Technology industry M&A deals total $23.01bn in Canada in Q1 2021

By Carmen

Total technology industry M&A deals worth $23.01bn were announced in the Canada 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 430.2% over the previous quarter and a rise of 355.6% when compared with the last four-quarter average of $5.05bn.

Canada held an 11.04% share of the global technology industry M&A deal value that totalled $208.44bn in Q1 2021.

In terms of deal activity, the Canada recorded 119 M&A deals during Q1 2021, marking an increase of 6.25% over the previous quarter and a rise of 28.65% over the last four-quarter average.

Canada technology industry M&A deals in Q1 2021: Top deals

The top five technology industry M&A deals accounted for 98.7% of the overall value during Q1 2021.

The combined value of the top five technology M&A deals stood at $22.71bn, against the overall value of $23.01bn recorded for the quarter.

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

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

2) The $1bn acquisition of ACL Services by Diligent

3) Naver’s $600m acquisition of WP Technology

4) The $200m acquisition of Dealer-FX Group by Snap-on

5) Premier’s asset transaction with Invoice Delivery Services for $80m.

Verdict deals analysis methodology

This analysis considers only announced and completed cloud-deals 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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