Total technology industry cross border M&A deals worth $1.9bn were announced in North America in March 2022, led by Zebra Technologies’ $875m acquisition of Matrox Electronic Systems, according to GlobalData’s deals database.
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The value marked a decrease of 25.9% over the previous month of $2.59bn and a drop of 66.8% when compared with the last 12-month average of $5.79bn.
North America held a 47.76% share of the global technology industry cross border M&A deal value that totalled $4.02bn in March 2022. With a 25.87% share and deals worth $1.04bn, the US was the top country in North America’s cross border M&A deal value across technology industry.
In terms of cross border M&A deal activity, North America recorded 50 deals during March 2022, marking a decrease of 12.28% over the previous month and a drop of 26.47% over the 12-month average. The US recorded 36 deals during the month.
North America technology industry cross border M&A deals in March 2022: Top deals
The top five technology industry cross border M&A deals accounted for 89.4% of the overall value during March 2022.
The combined value of the top five technology cross border deals stood at $1.72bn, against the overall value of $1.9bn recorded for the month.
The top five technology industry cross border M&A deals of March 2022 tracked by GlobalData were:
1) Zebra Technologies $875m acquisition deal with Matrox Electronic Systems
2) The $450m acquisition of DRS Global Enterprise Solutions by SES
3) Alphawave IP Group $210m acquisition deal with Open-Silicon
4) The $100m acquisition of Unbxd by Children’s Medical Center Dallas,Google Ventures and Netcore Cloud
5) Sangoma Technologies $80m acquisition deal with NetFortris
Verdict deals analysis methodology
This analysis considers only announced and completed artificial intelligence 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.