1. Deals Analysis
March 23, 2022

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

By Carmen

Total technology industry cross border M&A deals worth $2.6bn were announced in the US in February 2022, with Hexagon’s $1.2bn acquisition of EtQ being the sector’s biggest investment, 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 51.8% when compared with the last 12-month average of $5.37bn.

The US held a 27.41% share of the global technology industry cross border M&A deal value that totalled $9.45bn in February 2022.

In terms of cross border M&A deal activity, the US recorded 41 deals during February 2022, marking a decrease of 34.92% over the previous month and a drop of 22.64% over the 12-month average.

US 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 M&A 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 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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