1. Deals Analysis
July 27, 2022

Technology industry cross border M&A deals total $2.2bn in North America in June 2022

By Carmen

Total technology industry cross border M&A deals worth $2.2bn were announced in North America in June 2022, led by Siemens’ $1.88bn acquisition of Brightly Software, according to GlobalData’s deals database.

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The value marked an increase of 238.9% over the previous month of $637.4m and a drop of 45.3% when compared with the last 12-month average of $3.95bn.

North America held a 39.20% share of the global technology industry cross border M&A deal value that totalled $5.51bn in June 2022. With a 39.20% share and deals worth $2.16bn, 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 44 deals during June 2022, marking an increase of 22.22% over the previous month and a drop of 31.25% over the 12-month average. The US recorded 32 deals during the month.

North America technology industry cross border M&A deals in June 2022: Top deals

The top five technology industry cross border M&A deals accounted for 97.7% of the overall value during June 2022.

The combined value of the top five technology cross border deals stood at $2.11bn, against the overall value of $2.2bn recorded for the month.

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

1) Siemens $1.88bn acquisition deal with Brightly Software

2) The $140m acquisition of XPS Technologies by Descartes Systems Group

3) The Brandtech Group $50m acquisition deal with Acorn Intelligence

4) The $32.5m acquisition of Forgotten Software by Keywords Studios

5) Bucket Studio $17.33m acquisition deal for 23.8% stake with Aqara

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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