Global technology industry deals total $42.98bn in January 2020

Total technology industry deals for January 2020 worth $42.98bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 11.9% over the previous month and a drop of 7.8% when compared with the last 12-month average of $46.59bn.

In terms of number of deals, the sector saw a drop of 12.7% over the last 12-month average with 1295 deals against the average of 1483 deals.

In value terms, North America led the activity with deals worth $16.77bn.

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Technology industry deals in January 2020: Top deals

The top five technology deals accounted for 46.9% of the overall value during January 2020.

The combined value of the top five technology deals stood at $20.16bn, against the overall value of $42.98bn recorded for the month.

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The top five technology industry deals of January 2020 tracked by GlobalData were:

• Visa’s $5.3bn acquisition of Plaid Technologies
• The $5bn private equity deal with Veeam Software by Insight Partners
• Hitachi’s $4.9bn acquisition of Hitachi High-Technologies
• The $2.56bn acquisition of Global Blue by Far Point Acquisition
• Saudi Telecom’s acquisition of Vodafone Egypt Telecommunications for $2.39bn.