1. Deals Analysis
March 23, 2022

Technology industry M&A deals total $6.3bn in North America in February 2022

By Carmen

Total technology industry M&A deals worth $6.3bn were announced in North America in February 2022, led by Hexagon’s $1.2bn acquisition of EtQ, according to GlobalData’s deals database.

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The value marked a decrease of 93.5% over the previous month of $97.59bn and a drop of 81.6% when compared with the last 12-month average of $34.21bn.

North America held a 40.20% share of the global technology industry M&A deal value that totalled $15.67bn in February 2022. With a 39.89% share and deals worth $6.25bn, 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 253 deals during February 2022, marking a decrease of 26.02% over the previous month and a drop of 12.46% over the 12-month average. The US recorded 220 deals during the month.

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

The top five technology industry M&A deals accounted for 71.3% of the overall value during February 2022.

The combined value of the top five technology deals stood at $4.5bn, against the overall value of $6.3bn recorded for the month.

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

1) Hexagon $1.2bn acquisition deal with EtQ

2) The $1.16bn acquisition of Optimal Blue Holdco by Black Knight

3) Akamai Technologies $900m acquisition deal with Linode

4) The $650m acquisition of Finxact by Fiserv

5) Software $590.11m acquisition deal with StreamSets

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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