Total technology industry M&A deals worth $272m were announced in Asia-Pacific in October 2022, led by MRI Software’s $59.87m acquisition of Proptech Group, according to GlobalData’s deals database.

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The value marked a decrease of 89.2% over the previous month of $2.51bn and a drop of 95.05% when compared with the last 12-month average of $5.49bn.

Asia-Pacific held a 3.49% share of the global technology industry M&A deal value that totalled $7.8bn in October 2022. With a 1.01% share and deals worth $79.01m, Australia was the top country in Asia-Pacific’s M&A deal value across technology industry.

In terms of M&A deal activity, Asia-Pacific recorded 96 deals during October 2022, marking a decrease of 34.25% over the previous month and a drop of 40.00% over the 12-month average. Japan recorded 25 deals during the month.

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By GlobalData

Asia-Pacific technology industry M&A deals in October 2022: Top deals

The top five technology industry M&A deals accounted for 64.9% of the overall value during October 2022.

The combined value of the top five technology deals stood at $176.38m, against the overall value of $272m recorded for the month.

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

1) MRI Software’s $59.87m acquisition deal with Proptech Group

2) The $46m acquisition of 49% stake in International Biometrics by TOTM Technologies

3) Vedantu Innovations’s $40m acquisition deal with Ace Creative Learning Pvt.

4) The $15.8m acquisition of 20.77% stake in Konan Technology by SK Telecom

5) Aparajitha Corporate Services’s $14.71m acquisition deal for 76% stake in Simpliance Technologies