Total technology industry cross border M&A deals worth $2.2bn were announced in North America in June 2022, led by Siemens’ $1.88bn acquisition of Brightly Software, according to GlobalData’s deals database.
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The value marked an increase of 238.9% over the previous month of $637.4m and a drop of 45.3% when compared with the last 12-month average of $3.95bn.
North America held a 39.20% share of the global technology industry cross border M&A deal value that totalled $5.51bn in June 2022. With a 39.20% share and deals worth $2.16bn, the US was the top country in North America’s cross border M&A deal value across technology industry.
In terms of cross border M&A deal activity, North America recorded 44 deals during June 2022, marking an increase of 22.22% over the previous month and a drop of 31.25% over the 12-month average. The US recorded 32 deals during the month.
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By GlobalDataNorth America technology industry cross border M&A deals in June 2022: Top deals
The top five technology industry cross border M&A deals accounted for 97.7% of the overall value during June 2022.
The combined value of the top five technology cross border deals stood at $2.11bn, against the overall value of $2.2bn recorded for the month.
The top five technology industry cross border M&A deals of June 2022 tracked by GlobalData were:
1) Siemens $1.88bn acquisition deal with Brightly Software
2) The $140m acquisition of XPS Technologies by Descartes Systems Group
3) The Brandtech Group $50m acquisition deal with Acorn Intelligence
4) The $32.5m acquisition of Forgotten Software by Keywords Studios
5) Bucket Studio $17.33m acquisition deal for 23.8% stake with Aqara