Euisun Chung, Hyundai Glovis, Hyundai Mobis and Hyundai Motor’s $1.1bn acquisition of Boston Dynamics was the technology industry’s biggest robotics deal of Q4 2020 as robotics deals worth $4.17bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 282.6% over the previous quarter and a rise of 93.1% when compared with the last four-quarter average of $2.16bn.
In terms of number of robotics deals, the sector saw a drop of 43.39% over the last four-quarter average with 107 deals against the average of 189 deals.
In value terms, Asia-Pacific led the activity with robotics deals worth $2.28bn.
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technology industry robotics deals in Q4 2020: Top deals
The top five technology industry robotics deals accounted for 72.8% of the overall value during Q4 2020.
The combined value of the top five robotics deals stood at $3.03bn, against the overall value of $4.17bn recorded for the quarter.
The top five technology industry robotics deals of Q4 2020 tracked by GlobalData were:
1) Euisun Chung, Hyundai Glovis, Hyundai Mobis and Hyundai Motor’s $1.1bn acquisition of Boston Dynamics
2) The $936.5m private equity with Hollysys Automation Technologies by CPE Funds Management
3) Baillie Gifford, Fidelity Management & Research, Greylock Partners, SoftBank Vision Fund one and T. Rowe Price Group’s $500m venture financing of Nuro
4) The $262m acquisition of Kindred Systems by Ocado Group
5) Ford Motor’s acquisition of Velodyne LiDAR for $233.22m.