US technology industry saw a drop of 3.45% in overall internet of things deal activity during January 2021, when compared with the last 12-month average, led by Teledyne Technologies’ $8.36bn acquisition of FLIR Systems, according to GlobalData’s deals database.
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A total of 28 internet of things deals worth $8.53bn were announced in January 2021, compared with the 12-month average of 29 deals.
venture financing was the leading category in the month in terms of volume with 15 deals, which accounted for 53.6% of all internet of things deals.
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In second place was M&A with 12 internet of things deals, followed by private equity with one transactions, respectively accounting for 42.9% and 3.6% of overall deal activity in the US technology industry during the month.
In terms of value of internet of things deals, M&A was the leading deal category in the US technology industry with total deals worth $8.41bn, followed by venture financing deals totalled $124.93m.
US technology industry internet of things deals in January 2021: Top deals
The top five technology industry internet of things deals accounted for 98.9% of the overall value during January 2021.
The combined value of the top five technology internet of things deals stood at $8.44bn, against the overall value of $8.53bn recorded for the month.
The top five technology industry internet of things deals of January 2021 tracked by GlobalData were:
1) Teledyne Technologies’ $8.36bn acquisition of FLIR Systems
2) The $23m venture financing of NimbeLink by Airgain
3) AgEagle Aerial Systems’ $23m acquisition of MicaSense
4) The $17m acquisition deal with Starship Technologies by Goodyear Ventures and TDK Ventures
5) Evertz Microsystems and Verizon Ventures’ venture financing with ShotTracker for $11m.