Total technology industry M&A deals worth $2.6bn were announced in Asia-Pacific in July 2022, led by Foxconn Industrial Internet’s $1.46bn acquisition of 17.9% stake in Tsinghua Unigroup, according to GlobalData’s deals database.
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The value marked a decrease of 25.3% over the previous month of $3.52bn and a drop of 30.4% when compared with the last 12-month average of $3.78bn.
Asia-Pacific held a 78.98% share of the global technology industry M&A deal value that totalled $3.33bn in July 2022. With a 57.96% share and deals worth $1.93bn, China was the top country in Asia-Pacific’s M&A deal value across technology industry.
In terms of M&A deal activity, Asia-Pacific recorded 42 deals during July 2022, marking a decrease of 64.71% over the previous month and a drop of 70.21% over the 12-month average. China recorded eight deals during the month.
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By GlobalDataAsia-Pacific technology industry M&A deals in July 2022: Top deals
The top five technology industry M&A deals accounted for 88.6% of the overall value during July 2022.
The combined value of the top five technology deals stood at $2.33bn, against the overall value of $2.6bn recorded for the month.
The top five technology industry M&A deals of July 2022 tracked by GlobalData were:
1) Foxconn Industrial Internet $1.46bn acquisition deal for 17.9% stake in Tsinghua Unigroup
2) The $447.81m acquisition of Shanghai Xingyi Cinema Management by Hengdian Entertainment
3) WNS (Holdings) $165m acquisition deal with Vuram Technology Solutions
4) The $160m acquisition of Toomics Global by Terapin Studios
5) Cartology $101.9m acquisition deal with Shopper Media Group