In the Asia-Pacific technology industry, there were 238 M&A deals announced in Q3 2023, worth a total value of $9.1bn, according to GlobalData’s Deals Database. The $2.6bn acquisition of Itochu Techno-Solutions by Digital Value Chain Partners GK was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.

In value terms, M&A activity in Asia-Pacific decreased by 10% in Q3 2023 compared with the previous quarter’s total of $10.1bn and rose by 34% as compared to Q3 2022. Related deal volume decreased by 29% in Q3 2023 versus the previous quarter and was 27% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in Q3 2023 were Daiwa Securities Group; HSBC; Houlihan Lokey with 3, 3, 2 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Asia-Pacific Q3 2023 were AZB & Partners; TriLegal; Baker & McKenzie with 5, 4, 2 deals respectively.

For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

Premium Insights


The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.


GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.