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Mergers and acquisitions in the technology sector continue at a healthy pace, and Q2 M&A results highlight several large deals. In Q2, the largest US acquisition was VMWare by Broadcom, which was a $61 billion purchase. Other major M&A news deals include Thermo Fisher Scientific’s $21 billion acquisition of PPD Inc and Microsoft’s purchase of Nuance Communications for more than $19 billion.
According to Global Data Research, global technology deals hit $3 trillion in Q3. While M&A deals fell 25.5% globally, tech deals remained stable in Q2 and accounted for one-quarter of the market in the US.
“Transactions are still emerging,” said Mark Shafir, global associate head of M&A at Citigroup.
Experts point to inflation and stock market volatility, as well as the Ukraine war, to a slowdown in M&A activity. However, Alison Harding-Jones, head of Citigroup Inc’s EMEA M&A, said this trend will not continue and “there will be a time for negotiation”.
Looking ahead, many experts predict that virtual M&A will continue to grow and ESG initiatives will increase in 2022. And according to PWC, headlines are attention grabbers. [M&A activity] Falling, the big picture shows an active market.
Image credit: Song_about_summer / Shutterstock.com
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