Total technology industry M&A deals worth $639.21m were announced in Canada in January 2021, with Naver’s $600m acquisition of WP Technology being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 39.3% over the previous month of $459.04m and a drop of 62% when compared with the last 12-month average of $1.68bn.
Canada held a 0.85% share of the global technology industry M&A deal value that totalled $75.13bn in January 2021.
In terms of M&A deal activity, the Canada recorded 34 deals during January 2021, marking a flat growth over the previous month and a rise of 9.68% over the 12-month average.
Canada technology industry M&A deals in January 2021: Top deals
The top five technology industry M&A deals accounted for 99.5% of the overall value during January 2021.
The combined value of the top five technology M&A deals stood at $635.86m, against the overall value of $639.21m recorded for the month.
The top five technology industry M&A deals of January 2021 tracked by GlobalData were:
1) Naver’s $600m acquisition of WP Technology
2) The $17.27m acquisition of INTERTRONIC SOLUTIONS by Calian Group
3) Routemaster Capital’ $14.8m acquisition of DeFi Holdings.
4) The $2.36m acquisition of Aspiria by CloudMD Software & Services
5) Joel Macdonald’s acquisition of GetSwift Technologies for $1.43m.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.