Total technology industry M&A deals worth $5.7bn were announced in Asia-Pacific in August 2021, led by Keppel Pegasus’ $4.44bn acquisition of Singapore Press Holdings, according to GlobalData’s deals database.
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The value marked an increase of 114.6% over the previous month of $2.67bn and a drop of 31.9% when compared with the last 12-month average of $8.41bn.
Asia-Pacific held a 13.32% share of the global technology industry M&A deal value that totalled $43.03bn in August 2021. With a 10.41% share and deals worth $4.48bn, 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 118 deals during August 2021, marking a decrease of 8.53% over the previous month and a drop of 7.09% over the 12-month average. China recorded 29 deals during the month.
Asia-Pacific technology industry M&A deals in August 2021: Top deals
The top five technology industry M&A deals accounted for 92.1% of the overall value during August 2021.
The combined value of the top five technology deals stood at $5.28bn, against the overall value of $5.7bn recorded for the month.
The top five technology industry M&A deals of August 2021 tracked by GlobalData were:
1) Keppel Pegasus $4.44bn acquisition deal with Singapore Press Holdings
2) The $525m acquisition of StarLark. by Zynga
3) Naver $119.36m acquisition deal for 15% stake in Cafe24
4) The $107.6m acquisition of Robosoft Technologies by Technopro Holdings
5) Shenzhen Mingyuan Cloud Technology $92.55m acquisition deal with Shenzhen Mingyuan Yunke Electronic Commerce
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.