Total technology industry cross border M&A deals worth $2.1bn were announced in Asia-Pacific in June 2022, led by Costco Wholesale’s $1.05bn acquisition of 45% stake in Costco-Taiwan, according to GlobalData’s deals database.
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The value marked a decrease of 48.8% over the previous month of $4bn and a rise of 19.2% when compared with the last 12-month average of $1.72bn.
Asia-Pacific held a 37.21% share of the global technology industry cross border M&A deal value that totalled $5.51bn in June 2022. With a 19.06% share and deals worth $1.05bn, Taiwan was the top country in Asia-Pacific’s cross border M&A deal value across technology industry.
In terms of cross border M&A deal activity, Asia-Pacific recorded 31 deals during June 2022, marking an increase of 55.00% over the previous month and a drop of 18.42% over the 12-month average. India recorded nine deals during the month.
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By GlobalDataAsia-Pacific technology industry cross border M&A deals in June 2022: Top deals
The top five technology industry cross border M&A deals accounted for 98.3% of the overall value during June 2022.
The combined value of the top five technology cross border deals stood at $2.01bn, against the overall value of $2.1bn recorded for the month.
The top five technology industry cross border M&A deals of June 2022 tracked by GlobalData were:
1) Costco Wholesale $1.05bn acquisition deal for 45% stake in Costco-Taiwan
2) The $442.97m acquisition of Infomedia by Solera Holdings
3) Singapore Telecommunications $237.28m acquisition deal for 3.8% stake in Intouch
4) The $197m acquisition of Intrepid E-Commerce Services(Intrepid) by Ascential
5) Deel $83.49m acquisition deal with PayGroup