Analysis of the key themes driving M&A activity reveals that electric vehicles accounted for 4 technology deals announced in Q4 2023, worth a total value of $2.3bn. The $2.3bn minority acquisition of Siemens by Siemens was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for 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, electric vehicles-related deal activity increased by 99900% in Q4 2023 compared with the previous quarter’s total of $2.3m. Related deal volume increased by 33% in Q4 2023 versus the previous quarter and was 300% higher than in Q4 2022.

The top-ranked legal advisors supporting these M&A deals in Q4 2023 were AZB & Partners; DLA Piper LLP (US); Fasken Martineau DuMoulin with 1, 1, 1 deals respectively.

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

This content was updated on 8 January 2024

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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.