Total technology industry deals for March 2019 worth $46.63bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 10% over the previous month and a drop of 20.9% when compared with the last 12-month average of $58.94bn.
In terms of number of deals, the sector saw a rise of 11.01% over the last 12-month average with 1,361 deals against the average of 1,226 deals.
In value terms, North America led the activity with deals worth $20.67bn.
Technology industry deals in March 2019: Top deals
The top five technology deals accounted for 41.6% of the overall value during March 2019.
The combined value of the top five technology deals stood at $19.4bn, against the overall value of $46.63bn recorded for the month. The top announced technology deal tracked by GlobalData in March 2019 was NVIDIA’s $6.9bn acquisition of Mellanox Technologies.
In second place was the $5.73bn private equity deal with Inmarsat by Triton Bidco and in third place was Uber Technologies’ $3.1bn acquisition of Careem Networks FZ.
The $1.92bn private equity deal with SFR FTTH by Allianz Capital Partners, AXA Investment Managers and OMERS Infrastructure Management and Advance Publications’ acquisition of Turnitin for $1.75bn held fourth and fifth positions, respectively.
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.
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More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.