Analysis of the key themes driving M&A activity reveals that batteries accounted for 5 technology deals announced in Q1 2024, worth a total value of $55.5m. The $48.8m acquisition of Wuxi Lingbo Electronic Technology by Zhejiang Huayu Sodium Electric New Energy Technology was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q1 2024 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.
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In value terms, batteries-related deal activity increased by 11% in Q1 2024 compared with the previous quarter’s total of $50m and rose by 2301% as compared to Q1 2023. Related deal volume decreased by 29% in Q1 2024 versus the previous quarter and was 25% higher than in Q1 2023.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
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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.
