Total technology industry cross border M&A deals worth $1bn were announced in the US in March 2022, with SES’s $450m acquisition of DRS Global Enterprise Solutions being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 59.9% over the previous month of $2.59bn and a drop of 80.4% when compared with the last 12-month average of $5.31bn.
The US held a 25.87% share of the global technology industry cross border M&A deal value that totalled $4.02bn in March 2022.
In terms of cross border M&A deal activity, the US recorded 36 deals during March 2022, marking a decrease of 12.20% over the previous month and a drop of 30.77% over the 12-month average.
US technology industry cross border M&A deals in March 2022: Top deals
The top five technology industry cross border M&A deals accounted for 87.6% of the overall value during March 2022.
The combined value of the top five technology cross border M&A deals stood at $910m, against the overall value of $1bn recorded for the month.
The top five technology industry cross border M&A deals of March 2022 tracked by GlobalData were:
1) SES $450m acquisition deal with DRS Global Enterprise Solutions
2) The $210m acquisition of Open-Silicon by Alphawave IP Group
3) Children’s Medical Center Dallas,Google Ventures and Netcore Cloud $100m acquisition deal for 90% stake in Unbxd
4) The $80m acquisition of NetFortris by Sangoma Technologies
5) Risk & Compliance and Wolters Kluwer Governance $70m acquisition deal with International Document Services
