1. Deals Analysis
June 25, 2021

Technology industry M&A deals total $529.9m in Canada in May 2021

By Carmen

Total technology industry M&A deals worth $529.9m were announced in Canada in May 2021, with MKS Instruments’ $318.9m acquisition of Photon Control being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 787.3% over the previous month of $59.72m and a drop of 82.6% when compared with the last 12-month average of $3.05bn.

Canada held a 0.51% share of the global technology industry M&A deal value that totalled $103.96bn in May 2021.

In terms of M&A deal activity, the Canada recorded 23 deals during May 2021, marking a decrease of 23.33% over the previous month and a drop of 20.69% over the 12-month average.

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

The top five technology industry M&A deals accounted for 99.1% of the overall value during May 2021.

The combined value of the top five technology M&A deals stood at $525.05m, against the overall value of $529.9m recorded for the month.

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

1) MKS Instruments’ $318.9m acquisition of Photon Control

2) The $175m acquisition of Ludia by Jam City

3) Capricorn Business Acquisitions’ $22.72m acquisition of Canada Computational Unlimited.

4) The $4.94m acquisition of Beyond the Moon by Graph Blockchain

5) Hello Pal International’s acquisition of 51% stake in Crypto Pal Technology for $3.5m.

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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