Siemens’ $651.04m acquisition deal with Sqills was the technology industry’s biggest internet of things deal of Q3 2021 as internet of things deals worth $5.2bn were announced globally in the quarter, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a decrease of 88.9% over the previous quarter and a drop of 90.2% when compared with the last four-quarter average of $52.84bn.

In terms of number of internet of things deals, the sector saw a drop of 27.75% with 205 deals in Q3 2021 against the average of 283.75 deals in the last four-quarters.

In value terms, Asia-Pacific led the activity with internet of things deals worth $2.12bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

technology industry internet of things deals in Q3 2021: Top deals

The top five technology industry internet of things deals accounted for 35.5% of the overall value during Q3 2021.

The combined value of the top five internet of things deals stood at $1.83bn, against the overall value of $5.2bn recorded for the quarter.

The top five technology industry internet of things deals of Q3 2021 tracked by GlobalData were:

1) Siemens $651.04m acquisition deal with Sqills

2) The $391m acquisition of Azuga by Bridgestone Americas

3) Zebra Technologies $290m acquisition deal for 95% stake in Fetch Robotics

4) The $285m acquisition of Nortek Security and Control by Melrose Industries and Nice

5) Summit Partners $215m private equity deal with Odoo