In the Singaporean technology industry, there were 11 M&A deals announced in Q4 2023, worth a total value of $64.4m, according to GlobalData’s Deals Database. The $31.3m merger of Grand Centrex, RF Acquisition and RF Dynamic and Holmusk 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, M&A activity in Singapore decreased by 97% in Q4 2023 compared with the previous quarter’s total of $2.2bn and fell by 54% as compared to Q4 2022. Related deal volume decreased by 27% in Q4 2023 versus the previous quarter and was 8% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Singapore in Q4 2023 were Earlybird Venture Capital; Goldman Sachs Group; Lincoln International with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in Singapore Q4 2023 were Loeb & Loeb; Cooley; Dentons UK and Middle East 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 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.