Global Technology M&A Value Grows 58% But Deal Volume Falls 12% Year-on-year In Q1 2013
An overwhelming majority of technology M&A growth will continue to be captured by technology products and services related to the five transformative technology megatrends. Technology and non-technology companies are being driven to buy companies in these megatrends to help transform themselves to take advantage of growth opportunities. M&A growth in legacy products and services is virtually non-existent or negative.
"Gradually improving macroeconomic conditions, improved confidence, increased stock market valuations and the need for companies to respond to the transformative impact of the five megatrends - smart mobility, cloud/SaaS, social networking, big data analytics and accelerated adaptation, all point to a steady, gradual increase in technology M&A activity over the next several quarters," concludes Steger.
Notes to editors
About the reportGlobal technology M&A update: January- March 2013 is based on Ernst & Young's analysis of The 451 Group M&A Knowledgebase data for 2012 and 2013. Deal activity and valuations may fluctuate slightly based on the date the database is accessed. The full report is available at www.ey.com.Ernst & Young's Global Technology CenterThe technology industry is in a constant state of change - driven by continuous innovation, shifting markets, converging industries, consumer demand and the need for first-mover advantage. Ernst & Young's Global Technology Center connects a worldwide team of more than 15,000 technology professionals to help you navigate the challenges of this continuous change. We provide assurance, tax, transaction and advisory guidance through a network of experienced advisors to help you manage risk, transform business performance and improve operationally. We can help you deliver cost-effective innovation, balance product portfolios, maintain effective supply chains, and identify, execute and integrate strategic growth transactions. Our global technology network leverages our leading market share position in serving technology companies to provide you with timely, reliable information. Our teams use a cross-disciplinary, collaborative approach to help you achieve your business objectives. We encourage our people to use their ingenuity and initiative to help you develop approaches and seize opportunities. It's how Ernst & Young makes a difference. About Ernst & YoungErnst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit www.ey.com. This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.
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