Comparing deals value in different regions of the globe, North America held the top position, with total announced M&A deals in the period worth US$5.99bn.
At the country level, the US topped the list in terms of deal value at US$5.95bn - and in terms of volumes, North America emerged as the top region for technology industry M&A deals globally, followed by Europe and then Asia-Pacific.
The US also topped the list for M&A deals activity in December 2019, with 152 deals, followed by the UK with 42 and Canada with 22.
As of the end of December 2019, technology M&A deals worth US$319.79bn were announced globally, marking a decrease of 23.6% year on year.
The top five technology industry M&A deals accounted for 63.6% of the overall value during December 2019 - with the combined value of the top five deals standing at US$10.83bn, against the overall value of US$17.03bn recorded for the month.
The top five tech industry M&A deals of December 2019 tracked by GlobalData were:
- Brookfield Infrastructure Partners’ US$3.56bn asset transaction with Reliance Industrial Investments and
- The US$2.6bn acquisition of Cincinnati Bell by Brookfield Infrastructure Partners
- Intel’s US$2bn acquisition of Habana Labs
- The US$1.65bn acquisition of Dynetics by Leidos Holdings
- TELUS International’s acquisition of Competence Call Center for US$1.01bn.