US technology industry saw a rise of 1.20% in overall cross border deal activity during January 2021, when compared with the last 12-month average, led by Eaton Corporation’s $1.65bn acquisition of Tripp Lite, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 84 cross border deals worth $5.22bn were announced in January 2021, compared with the 12-month average of 83 deals.

M&A was the leading category in the month in terms of volume with 43 deals, which accounted for 51.2% of all cross border deals.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with 35 cross border deals, followed by private equity with six transactions, respectively accounting for 41.7% and 7.1% of overall deal activity in the US technology industry during the month.

In terms of value of cross border deals, M&A was the leading deal category in the US technology industry with total deals worth $2.67bn, while venture financing and private equity deals totalled $1.41bn and $1.14bn, respectively.

US technology industry cross border deals in January 2021: Top deals

The top five technology industry cross border deals accounted for 69% of the overall value during January 2021.

The combined value of the top five technology cross border deals stood at $3.6bn, against the overall value of $5.22bn recorded for the month.

The top five technology industry cross border deals of January 2021 tracked by GlobalData were:

1) Eaton Corporation’s $1.65bn acquisition of Tripp Lite

2) The $720m private equity deal with ThoughtWorks by Fidelity Management & Research, GIC, Mubadala Investment and Siemens

3) Altimeter Capital Management, Dragoneer Investment Group, Investment Group of Santa Barbara and WMG Boost’s $520m venture financing of ROBLOX

4) The $437m acquisition deal with Star2Star Communications by Sangoma Technologies

5) ClearBridge Investments, Franklin Resources, Leumi Partners, Neuberger Berman, Qatar Investment Authority and Teca Partners’ private equity with Paycor for $270m.