1. Deals Analysis
March 24, 2022

Technology industry cross border M&A deals total $2.6bn in North America in February 2022

By Carmen

Total technology industry cross border M&A deals worth $2.6bn were announced in North America in February 2022, led by Hexagon’s $1.2bn acquisition of EtQ, according to GlobalData’s deals database.

 
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The value marked a decrease of 70.5% over the previous month of $8.78bn and a drop of 56.4% when compared with the last 12-month average of $5.94bn.

North America held a 27.41% share of the global technology industry cross border M&A deal value that totalled $9.45bn in February 2022. With a 27.41% share and deals worth $2.59bn, 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 57 deals during February 2022, marking a decrease of 25.00% over the previous month and a drop of 16.18% over the 12-month average. The US recorded 41 deals during the month.

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

The top five technology industry cross border M&A deals accounted for 94.2% of the overall value during February 2022.

The combined value of the top five technology cross border deals stood at $2.44bn, against the overall value of $2.6bn recorded for the month.

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

1) Hexagon $1.2bn acquisition deal with EtQ

2) The $590.11m acquisition of StreamSets by Software

3) London Stock Exchange Group $325m acquisition deal with TORA Trading Services

4) The $234.99m acquisition of Deis by Entain

5) LifeSpeak $92.5m acquisition deal with Wellbeats

Verdict deals analysis methodology

This analysis considers only announced and completed 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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