Analysis of the key themes driving M&A activity reveals that autonomous vehicles accounted for 6 technology deals announced in Q3 2023, worth a total value of $577.1m. The $276.3m acquisition of ASAP by HCL Technologies 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, autonomous vehicles-related deal activity decreased by 27% in Q3 2023 compared with the previous quarter’s total of $787.5m and rose by 203% as compared to Q3 2022. Related deal volume remained flat in Q3 2023 versus the previous quarter and was 500% higher than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Cohen; Current Capital; Toronto-Dominion Bank with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were White & Case; Goodwin Procter; Hogan Lovells International with 2, 1, 1 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.