1. Deals Analysis
July 21, 2022

Technology industry M&A deals total $4.5bn in Canada in June 2022

By Carmen

Total technology industry M&A deals worth $4.5bn were announced in Canada in June 2022, with Telus’ $2.24bn acquisition of LifeWorks being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 1383.3% over the previous month of $300m and a rise of 735.3% when compared with the last 12-month average of $532.74m.

Canada held a 29.22% share of the global technology industry M&A deal value that totalled $15.23bn in June 2022.

In terms of M&A deal activity, the Canada recorded 24 deals during June 2022, marking a flat growth over the previous month and a drop of 25.00% over the 12-month average.

Canada technology industry M&A deals in June 2022: Top deals

The top three technology industry M&A deals accounted for 100% of the overall value during June 2022.

The combined value of the top three technology M&A deals stood at $4.45bn, against the overall value of $4.5bn recorded for the month.

The top three technology industry M&A deals of June 2022 tracked by GlobalData were:

1) Telus $2.24bn acquisition deal with LifeWorks

2) The $2.21bn acquisition of Freedom Mobile by Quebecor

3) Voxtur Analytics $3.51m acquisition deal with MTE Paralegal Professional and Municipal Tax Equity Consultants

Verdict deals analysis methodology

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.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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