1. Deals Analysis
March 17, 2021

Technology industry M&A deals total $6.18bn in Asia-Pacific in February 2021

By Carmen

Total technology industry M&A deals worth $6.18bn were announced in Asia-Pacific in February 2021, led by Macquarie Infrastructure and Real Assets (MIRA)’s $3.35bn acquisition of Vocus Group, according to GlobalData’s deals database.

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The value marked an increase of 247.2% over the previous month of $1.78bn and a drop of 36.1% when compared with the last 12-month average of $9.67bn.

Asia-Pacific held a 12.47% share of the global technology industry M&A deal value that totalled $49.56bn in February 2021. With a 6.88% share and deals worth $3.41bn, Australia 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 113 deals during February 2021, marking a decrease of 3.42% over the previous month and a drop of 16.30% over the 12-month average. Japan recorded 26 deals during the month.

Asia-Pacific technology industry M&A deals in February 2021: Top deals

The top five technology industry M&A deals accounted for 93.1% of the overall value during February 2021.

The combined value of the top five technology deals stood at $5.75bn, against the overall value of $6.18bn recorded for the month.

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

1) Macquarie Infrastructure and Real Assets (MIRA)’s $3.35bn acquisition of Vocus Group

2) The $1.73bn acquisition of Hyperconnect by Match Group

3) Bharti Airtel’s $428.89m acquisition of Bharti Telemedia

4) The $150m acquisition of Haygot Education by Think and Learn

5) Stillfront Group’s acquisition of Moonfrog LabsLtd. for $90m.

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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