1. Deals Analysis
June 20, 2019

Technology industry M&A deals in May 2019 total $5.26bn in US

By Carmen

Total technology industry M&A deals in May 2019 worth $5.26bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 0.8% over the previous month and a drop of 73% when compared with the last 12-month average of $19.44bn.

The US held a 27.5% share of the global technology industry M&A deal value that totalled $19.11bn in May 2019.

In terms of deal activity, the US recorded 180 deals during May 2019, marking a decrease of 12.2% over the previous month and a drop of 6.3% over the 12-month average.

The US technology industry M&A deals in May 2019: Top deals

The top five technology industry M&A deals accounted for 72.2% of the overall value during May 2019.

The combined value of the top five technology industry M&A deals stood at $3.79bn, against the overall value of $5.26bn recorded for the month. The top announced technology industry M&A deal tracked by GlobalData in May 2019 was Hewlett Packard Enterprise’s $1.3bn acquisition of Cray.

In second place was the $800m merger of KLDiscovery and Pivotal Acquisition and in third place was Marvell Technology Group’s $740m acquisition of Avera Semiconductor.

The $500m acquisition of InstaMed Communications by JPMorgan Chase & and Marvell Technology Group’s acquisition of Aquantia for $452m held fourth and fifth positions, respectively.

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.

 

Verdict deals analysis methodology

This analysis considers only announced and completed cloud-deals 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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