Total technology industry M&A deals worth $8.97bn were announced in Asia-Pacific in March 2021, led by Beijing ByteDance Technology’s $4bn acquisition of Shanghai Mutong Technology, according to GlobalData’s deals database.
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The value marked an increase of 31.5% over the previous month of $6.82bn and a drop of 11.8% when compared with the last 12-month average of $10.17bn.
Asia-Pacific held a 9.69% share of the global technology industry M&A deal value that totalled $92.57bn in March 2021. With a 5.13% share and deals worth $4.75bn, China 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 163 deals during March 2021, marking an increase of 5.84% over the previous month and a rise of 18.98% over the 12-month average. Japan recorded 43 deals during the month.
Asia-Pacific technology industry M&A deals in March 2021: Top deals
The top five technology industry M&A deals accounted for 83.3% of the overall value during March 2021.
The combined value of the top five technology deals stood at $7.48bn, against the overall value of $8.97bn recorded for the month.
The top five technology industry M&A deals of March 2021 tracked by GlobalData were:
1) Beijing ByteDance Technology’s $4bn acquisition of Shanghai Mutong Technology
2) The $1.4bn acquisition of Magnachip Semiconductor by Michigan Merger Sub and South Dearborn
3) Bentley Systems’ $1.05bn acquisition of Seequent
4) The $750m asset transaction with Indosat Ooredoo by PT EPID Menara AssetCo
5) Lightspeed POS’s acquisition of Vend for $276.71m.
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.