Analysis of the key themes driving M&A activity reveals that future of work accounted for 101 technology deals announced in Q3 2023, worth a total value of $1.2bn. The $455m acquisition of FM:Systems Group by Johnson Controls International 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, future of work-related deal activity increased by 109% in Q3 2023 compared with the previous quarter’s total of $575.1m and rose by 115% as compared to Q3 2022. Related deal volume decreased by 7% in Q3 2023 versus the previous quarter and was 3% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Moelis & Co; Piper Sandler Companies; KPMG International Coop with 3, 3, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Kirkland & Ellis; Fenwick & West; Goodwin Procter with 7, 5, 5 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.