1. Deals Analysis
April 21, 2022

Technology industry artificial intelligence M&A deals total $1.9bn globally in March 2022

By Verdict Staff

Total technology industry artificial intelligence M&A deals worth $1.9bn were announced globally in March 2022, led by Snowflake’s $800m acquisition of Streamlit, according to GlobalData’s deals database.

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The value marked an increase of 26% over the previous month of $1.54bn and a drop of 1.5% when compared with the last 12-month average, which stood at $1.97bn.

Comparing artificial intelligence M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $944m. At the country level, the US topped the list in terms of deal value at $940m.

In terms of volumes, Europe emerged as the top region for technology industry artificial intelligence M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of artificial intelligence M&A deals activity in March 2022 was the US with 21 deals, followed by the UK with eight and India with four.

In 2022, as of March, technology artificial intelligence M&A deals worth $3.81bn were announced globally, marking an increase of 72.1% year on year.

technology industry artificial intelligence M&A deals in March 2022: Top deals

The top five artificial intelligence M&A deals accounted for 92.8% of the overall value during March 2022.

The combined value of the top five technology artificial intelligence M&A deals stood at $1.8bn, against the overall value of $1.9bn recorded for the month.

The top five technology industry artificial intelligence M&A deals of March 2022 tracked by GlobalData were:

1) Snowflake $800m acquisition deal with Streamlit

2) The $650m acquisition of Granulate Cloud Solutions by Intel

3) TripleLift $150m acquisition deal with 1plusX

4) The $100m acquisition of Unbxd by Children’s Medical Center Dallas,Google Ventures and Netcore Cloud

5) Celonis $100m acquisition deal with Process Analytics Factory

Verdict deals analysis methodology

This analysis considers only announced and completed big data deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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