Total technology industry M&A deals worth $3.72bn were announced in the Australia in Q1 2021, led by Macquarie Infrastructure and Real Assets (MIRA)’ $3.35bn acquisition of Vocus Group, according to GlobalData’s deals database.
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The value marked an increase of 200% over the previous quarter and a rise of 402.2% when compared with the last four-quarter average of $740.81m.
Australia held a 1.78% share of the global technology industry M&A deal value that totalled $208.44bn in Q1 2021.
In terms of deal activity, the Australia recorded 68 M&A deals during Q1 2021, marking an increase of 1.49% over the previous quarter and a rise of 26.51% over the last four-quarter average.
Australia technology industry M&A deals in Q1 2021: Top deals
The top five technology industry M&A deals accounted for 95.6% of the overall value during Q1 2021.
The combined value of the top five technology M&A deals stood at $3.55bn, against the overall value of $3.72bn recorded for the quarter.
The top five technology industry M&A deals of Q1 2021 tracked by GlobalData were:
1) Macquarie Infrastructure and Real Assets (MIRA)’s $3.35bn acquisition of Vocus Group
2) The $62.28m acquisition of Pentagon Holdco by ReadyTech
3) Keywords Studios’ $46.8m acquisition of 85% stake in Tantalus Media
4) The $46.58m acquisition of Neto Global by Maropost
5) Nacon’s acquisition of Big Ant Studios for $42.5m.
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.