Deals
Deal activity by volume related to Internet of Things decreased by 14% year-on-year in 2023 in the mining industry
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Analysis of the key themes driving deal activity reveals that Internet of Things accounted for 68 mining deals between 2019 and 2023, worth a total value of $4,243m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $2.2bn acquisition of 18% stake in Siemens (India) by Siemens was the largest disclosed deal in 2023, while the $42m venture financing by Qingdao Haier Mold was the largest disclosed deal in 2022.
In volume terms, Internet of Things related deal activity decreased by 14% year-on-year in 2023 and by 22% year-on-year in 2022.
Deal activity related to Internet of Things in the global mining industry in the last five years
Top deals related to Internet of Things in the mining industry in the last five years
Deal volume by deal type for Internet of Things related deals in the mining industry in the last five years
Equity offering accounted for the highest number of deals in the last five years, with 24 deals, followed by Acquisition (17 deals), and Partnership (11 deals).
Top financial advisors for Internet of Things related deals by value in the mining industry in the last five years
The top financial advisors supporting deals related to Internet of Things in the mining industry in the last five years in terms of value were Barclays, Lazard, Morgan Stanley, PJT Partners, and Joh. Berenberg Gossler.
Top legal advisors for Internet of Things related deals by value in the mining industry in the last five years
The top legal advisors supporting deals related to Internet of Things in the mining industry in the last five years in terms of value were AZB & Partners, Hengeler Mueller Partnerschaft von Rechtsanwalten, Allen & Overy, De Brauw Blackstone Westbroek, and Simmons & Simmons.
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.
