1. Deals Analysis
May 23, 2022

Technology industry cross border M&A deals total $2.58bn in US in April 2022

By Carmen

Total technology industry cross border M&A deals worth $2.58bn were announced in the US in April 2022, with Deutsche Telekom’s $2.4bn acquisition of SoftBank Group and T-Mobile US being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 150.5% over the previous month of $1.03bn and a drop of 43.3% when compared with the last 12-month average of $4.55bn.

The US held a 63.70% share of the global technology industry cross border M&A deal value that totalled $4.05bn in April 2022.

In terms of cross border M&A deal activity, the US recorded 29 deals during April 2022, marking a decrease of 23.68% over the previous month and a drop of 44.23% over the 12-month average.

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

The top five technology industry cross border M&A deals accounted for 100% of the overall value during April 2022.

The combined value of the top five technology cross border M&A deals stood at $2.58bn, against the overall value of $2.58bn recorded for the month.

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

1) Deutsche Telekom $2.4bn acquisition deal with SoftBank Group and T-Mobile US

2) The $83.5m acquisition of 19.4% stake in Starmaker Interactive by Beijing Kunlun Technology

3) Wipro $80m acquisition deal with Convergence Acceleration Solutions

4) The $14.86m acquisition of Dunlop Weldon & Associates,Carson and National Property Inspections by Dunlop & Associates and Carson

5) Descartes Systems Group $4m acquisition deal with Foxtrot Systems

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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