Total technology industry artificial intelligence M&A deals worth $462.3m were announced in Asia-Pacific in Q2 2022, led by Shiprocket’s $200m acquisition of 80% stake in Pickrr Technologies Pvt., according to GlobalData’s deals database.

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The value marked an increase of 221.9% over the previous quarter and a rise of 82.5% when compared with the last four-quarter average of $253.33m.

Asia-Pacific held a 13.02% share of the global technology industry artificial intelligence M&A deal value that totalled $3.55bn in Q2 2022. With a 6.22% share and deals worth $220.86m, China was the top country in Asia-Pacific’s artificial intelligence M&A deal value across technology industry.

In terms of deal activity, Asia-Pacific recorded 31 artificial intelligence deals during Q2 2022, marking a decrease of 13.89% over the previous quarter and a rise of 9.73% over the last four-quarter average. India recorded 14 deals during the quarter.

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Asia-Pacific technology industry artificial intelligence M&A deals in Q2 2022: Top deals

The top five technology industry artificial intelligence M&A deals accounted for 95.6% of the overall value during Q2 2022.

The combined value of the top five artificial intelligence M&A deals stood at $441.66m, against the overall value of $462.3m recorded for the quarter.

The top five technology industry artificial intelligence deals of Q2 2022 tracked by GlobalData were:

1) Shiprocket $200m acquisition deal for 80% stake in Pickrr Technologies Pvt.

2) The $180m acquisition of 10% stake in Hangzhou B-Soft by Philips (China) Investment

3) Qingdao Ainnovation Technology Group $22.7m acquisition deal for 51% stake in Shanghai Higher Mechanical & Electrical

4) The $20.8m acquisition of TABS Suite by PreIPO Exchange

5) Qingdao Ainnovation Technology Group $18.16m acquisition of 51% stake in Qingdao Aolipu Automation Control System