1. Deals Analysis
April 22, 2022

Technology industry cross border M&A deals total $1bn in US in March 2022

By Verdict Staff

Total technology industry cross border M&A deals worth $1bn were announced in the US in March 2022, with SES’s $450m acquisition of DRS Global Enterprise Solutions being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 59.9% over the previous month of $2.59bn and a drop of 80.4% when compared with the last 12-month average of $5.31bn.

The US held a 25.87% share of the global technology industry cross border M&A deal value that totalled $4.02bn in March 2022.

In terms of cross border M&A deal activity, the US recorded 36 deals during March 2022, marking a decrease of 12.20% over the previous month and a drop of 30.77% over the 12-month average.

US technology industry cross border M&A deals in March 2022: Top deals

The top five technology industry cross border M&A deals accounted for 87.6% of the overall value during March 2022.

The combined value of the top five technology cross border M&A deals stood at $910m, against the overall value of $1bn recorded for the month.

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

1) SES $450m acquisition deal with DRS Global Enterprise Solutions

2) The $210m acquisition of Open-Silicon by Alphawave IP Group

3) Children’s Medical Center Dallas,Google Ventures and Netcore Cloud $100m acquisition deal for 90% stake in Unbxd

4) The $80m acquisition of NetFortris by Sangoma Technologies

5) Risk & Compliance and Wolters Kluwer Governance $70m acquisition deal with International Document Services

Verdict deals analysis methodology

This analysis considers only announced and completed cloud-deals 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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