Several recently announced multi-billion dollar M&A deals in the U.S. information technology sector has propelled deal value in that sector to its highest levels since 2000.
Among the transactions include:
- Fidelity National Information Services, Inc. (NYSE:FIS) signing a definitive agreement to acquire SunGard Data Systems Inc. for $9.1 billion in cash and stock on August 12th.
- Private equity firm The Carlyle Group LP (NasdaqGS:CG), GIC Pte. Ltd. and other co-investors entering into a definitive agreement to acquire Veritas Technologies Corporation from Symantec Corporation (NasdaqGS:SYMC) for $8 billion in cash on August 11th .
- A consortium of automakers, including Daimler AG (XTRA:DAI), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) and AUDI AG (DB:NSU), entering into an agreement to acquire Illinois-based HERE Holding Corporation from Nokia Corporation (HLSE:NOK1V) for an enterprise value of $3.07 billion on August 3rd.
In total, nearly $165 billion in U.S. information technology M&A transactions have taken place this year surpassing the 2014 full-year total of $152.7 billion. Additionally, this year stands as the highest level of tech M&A deal value since 2000 when a record $387.1 billion worth of transactions were announced that year.
For those looking for that achievement to be surpassed, this year’s activity would have to even gather more steam. Should the current pace of tech M&A continue for the balance of the year, it would be reasonable to see deal top $268 billion.