1. Deals Analysis
December 23, 2021

Technology industry M&A deals total $3.6bn in Middle East and Africa in November 2021

By Carmen

Total technology industry M&A deals worth $3.6bn were announced in Middle East and Africa in November 2021, led by Vodacom Group’s $3.15bn acquisition of Vodafone Egypt Telecommunications, according to GlobalData’s deals database.

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The value marked an increase of 431.8% over the previous month of $682.54m and a rise of 89.1% when compared with the last 12-month average of $1.92bn.

Middle East and Africa held an 8.79% share of the global technology industry M&A deal value that totalled $41.28bn in November 2021. With a 7.63% share and deals worth $3.15bn, Egypt was the top country in Middle East and Africa’s M&A deal value across technology industry.

In terms of M&A deal activity, Middle East and Africa recorded 28 deals during November 2021, marking an increase of 55.56% over the previous month and a rise of 64.71% over the 12-month average. Israel recorded 14 deals during the month.

Middle East and Africa technology industry M&A deals in November 2021: Top deals

The top five technology industry M&A deals accounted for 100% of the overall value during November 2021.

The combined value of the top five technology deals stood at $3.63bn, against the overall value of $3.6bn recorded for the month.

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

1) Vodacom Group $3.15bn acquisition deal for 55% stake in Vodafone Egypt Telecommunications

2) The $300m acquisition of 27.1% stake in Partner CommunicationsLtd. by Avi Gabbay and Shlomo Rodav

3) Fiverr International $95m acquisition deal for 27.1% stake in Stoke Talent

4) The $74m acquisition of 50% stake in Transguard Cash by Transguard Group

5) OMNIQ $4.14m acquisition of 26% stake in Dangot Computers

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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