1. Deals Analysis
May 16, 2022

Technology industry M&A deals total $13.8bn in North America in March 2022

By Carmen

Total technology industry M&A deals worth $13.8bn were announced in North America in March 2022, led by Google’s $5.4bn acquisition of Mandiant, according to GlobalData’s deals database.

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The value marked an increase of 108.6% over the previous month of $6.62bn and a drop of 55.7% when compared with the last 12-month average of $31.17bn.

North America held a 65.98% share of the global technology industry M&A deal value that totalled $20.93bn in March 2022. With a 61.73% share and deals worth $12.92bn, the US was the top country in North America’s M&A deal value across technology industry.

In terms of M&A deal activity, North America recorded 239 deals during March 2022, marking a decrease of 5.53% over the previous month and a drop of 17.30% over the 12-month average. The US recorded 207 deals during the month.

North America technology industry M&A deals in March 2022: Top deals

The top five technology industry M&A deals accounted for 79.6% of the overall value during March 2022.

The combined value of the top five technology deals stood at $10.99bn, against the overall value of $13.8bn recorded for the month.

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

1) Google $5.4bn acquisition deal with Mandiant

2) The $3.3bn acquisition of Plantronics by HP

3) Zebra Technologies $875m acquisition deal with Matrox Electronic Systems

4) The $800m acquisition of Streamlit by Snowflake

5) Sentinel labs $616.5m acquisition deal with Attivo Networks

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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