Total technology industry M&A deals worth $4.5bn were announced in Asia-Pacific in October 2021, led by Cuscaden Peak’s $2.52bn acquisition of Singapore Press Holdings, according to GlobalData’s deals database.
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The value marked an increase of 44.23% over the previous month of $3.12bn and a drop of 11.94% when compared with the last 12-month average of $5.11bn.
Asia-Pacific held a 17.94% share of the global technology industry M&A deal value that totalled $24.97bn in October 2021. With a 10.33% share and deals worth $2.58bn, Singapore was the top country in Asia-Pacific’s M&A deal value across technology industry.
In terms of M&A deal activity, Asia-Pacific recorded 144 deals during October 2021, marking an increase of 2.13% over the previous month and a rise of 11.63% over the 12-month average. China recorded 42 deals during the month.
Asia-Pacific technology industry M&A deals in October 2021: Top deals
The top five technology industry M&A deals accounted for 84.2% of the overall value during October 2021.
The combined value of the top five technology deals stood at $3.78bn, against the overall value of $4.5bn recorded for the month.
The top five technology industry M&A deals of October 2021 tracked by GlobalData were:
1) Cuscaden Peak $2.52bn acquisition deal with Singapore Press Holdings
2) The $489.43m acquisition of Key Foundry by SK Hynix
3) Sichuan Jiuzhou Investment Holding Group $406.18m acquisition deal for 29.4% stake in Guangdong Ellington Electrcs Tech
4) The $264.86m acquisition of Over the Wire Holdings by Aussie Broadband Pty.
5) Shanghai Jingfeng Mingyuan Semiconductor $95.09m acquisition deal with Lingou Chuangix
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.