1. Deals Analysis
December 16, 2021

Technology industry M&A deals total $908.1m in Canada in November 2021

By Carmen

Total technology industry M&A deals worth $908.1m were announced in Canada in November 2021, with Generac Holdings’ $770m acquisition of Ecobee being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 86.4% over the previous month of $487.25m and a drop of 65.3% when compared with the last 12-month average of $2.62bn.

Canada held a 2.20% share of the global technology industry M&A deal value that totalled $41.28bn in November 2021.

In terms of M&A deal activity, the Canada recorded 30 deals during November 2021, marking an increase of 7.14% over the previous month and a drop of 9.09% over the 12-month average.

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

The top five technology industry M&A deals accounted for 99.8% of the overall value during November 2021.

The combined value of the top five technology M&A deals stood at $905.91m, against the overall value of $908.1m recorded for the month.

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

1) Generac Holdings $770m acquisition deal with Ecobee

2) The $116m acquisition of MindBeacon Holdings by CloudMD Software & Services

3) Playmaker Capital $12.1m acquisition deal with The Nation Network

4) The $5.9m acquisition of First Carbon by DeepMarkit

5) CryptoStar $1.91m acquisition deal with Neuro Digital

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.

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