Deals

Deal activity by volume related to Internet of Things increased by 30% year-on-year in 2023 in the aerospace & defence industry

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A​​​​​​​nalysis of the key themes driving deal activity reveals that Internet of Things accounted for 169 aerospace & defence deals between 2019 and 2023, worth a total value of $28,569m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. 

The $1bn purchase of Raytheon Technologies’ Collins Aerospace business unit by Safran was the largest disclosed deal in 2023, while the $2.6bn merger of Eutelsat Communications with OneWeb was the largest disclosed deal in 2022. 

In volume terms, Internet of Things related deal activity increased by 30% year-on-year in 2023 and decreased by 40% year-on-year in 2022. 

Deal activity related to Internet of Things in the global aerospace & defence industry in the last five years

Top deals related to Internet of Things in the aerospace & defence industry in the last five years

Deal volume by deal type for Internet of Things related deals in the aerospace & defence industry in the last five years

Venture financing accounted for the highest number of deals in the last five years, with 66 deals, followed by Acquisitions (40 deals), and Partnerships (21 deals).

Top financial advisors for Internet of Things related deals by value in the aerospace & defence industry in the last five years

The top financial advisors supporting deals related to Internet of Things in the aerospace & defence industry in the last five years in terms of value were Evercore, Barclays, Goldman Sachs, PJT Partners, and J.P. Morgan Securities.

Top legal advisors for Internet of Things related deals by value in the aerospace & defence industry in the last five years

The top legal advisors supporting deals related to Internet of Things in the aerospace & defence industry in the last five years in terms of value were Hogan Lovells US, Blake, Cassels & Graydon, Cravath Swaine & Moore, McGuire Woods, and Sullivan & Cromwell.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. 

GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements. 

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals. 

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