Technology

We advised Akamai Technologies, a cybersecurity.... Read more

We advised Akamai Technologies, a cybersecurity and cloud computing company operating the world’s most distributed platform, on its acquisition of select assets from Edgio, a content delivery network service provider.

The transaction offers customers best-in-class content delivery and the opportunity to take advantage of a broader range of security and cloud solutions.

Lawyers in our Boston and Silicon Valley offices led the transaction, with support from our Denver and Los Angeles offices and our intellectual property, private equity, restructuring, and tax practices.

We jointly advised IBM, a leading provider of global.... Read more

We advised IBM, a leading provider of global hybrid cloud and AI, and consulting expertise, on its acquisition of IntelliMagic, a Netherlands-based company specializing in easy-to-use analytics for performance insights on IBM Z, and its acquisition of SiXworks, a UK-based consultancy serving the UK defence sector and specializing in digital transformation in highly secure environments.

The acquisition of IntelliMagic enhances IBM’s software business, and the SiXworks acquisition exemplifies IBM’s ongoing commitment to serving clients in the public sector.

Lawyers in our Amsterdam, London, and Washington, D.C. offices led these deals, with support from a transatlantic team and our full-service practice areas. 

We advised Salesforce, the world’s #1 AI CRM.... Read more

We advised Salesforce, the world’s #1 AI CRM, on  its US$1.9 billion acquisition of Own Company and its acquisition of Zoomin, both Israeli-founded companies.

These deals reinforce Salesforce’s commitment to enhancing enterprise data management and security, and AI-driven insights.

Lawyers in our Silicon Valley office led the transaction, with support from our Brussels, London, Los Angeles, Munich, New York, Paris, San Francisco, and Washington, D.C. offices and our antitrust, banking, employee benefits, employment, intellectual property, international trade,  litigation, privacy and cybersecurity, restructuring, and tax practices.

We advised Sojitz Corporation, a global trading company.... Read more

We advised Sojitz Corporation, a global trading company, on its investment in Finviet Technology Corporation, a SaaS company pioneering mobile payment apps and ecommerce platforms for the retail industry in Vietnam.

The transaction supports Sojitz’s focus on enhancing the purchasing power of Vietnam’s consumers and developing value chains for manufacturing, distribution, and retail.

Lawyers in our Hanoi, Ho Chi Minh City, and Tokyo offices led the transaction, with support from our Singapore and Washington, D.C. offices and our infrastructure and projects, intellectual property, litigation, and white collar practices.

Sector performance

Technology M&A saw a significant uptick in 2024 as compared to 2023, driven by AI and cybersecurity demand. Large tech firms pursued acquisitions to enhance AI capabilities, while private equity firms targeted software and FinTech startups. Regulatory scrutiny slowed megadeals globally, but mid-sized transactions flourished.

Cross-border M&A increased as companies sought global expansion, and non-tech firms acquired tech companies to boost digital transformation. Despite rising interest rates and geopolitical tensions, strategic consolidations in semiconductors and enterprise software remained resilient.


Hogan Lovells activities

In 2024, our Technology team welcomed nearly 200 clients, colleagues, and members of the media to each of our Silicon Valley M&A Forums, covering key trends such as AI’s impact on Tech M&A, fraud-related provisions, the impacts of the U.S. election, and antitrust frameworks.

Building on the success of our first Global AI Trends Guide, we released a second edition featuring insights on AI M&A, FDI regimes, and IP and tech agreements. Our Technology lawyers were prolific thought leaders, launching an Expert Analysis series on AI with Law360 and partnering with Lexology for a Masterclass on GenAI’s IP implications in M&A and licensing.

The team is a tech-M&A force of nature.”

Legal 500 US, 2024

350+

Technology lawyers

Band 1

TMT
Chambers
Asia-Pacific
2025

Four Pillars of our M&A Group

Technical excellence

Executing transactions effectively

Sector knowledge

Understanding issues in regulated industries

Global reach

Worldwide scope, local know-how

Full-service capabilities

Subject matter experience

M&A Year in Review

Expander

Dear Clients and Friends,

Welcome to the 2024 edition of our Hogan Lovells M&A Year in Review!

Each year, we publish the M&A Year in Review to express our gratitude to you — our clients and friends — for the opportunity to work together and for the successes we have shared. We hope you enjoy our review of dealmaking in 2024 and our outlook for M&A in 2025.

During 2024, M&A transaction values increased across the world, recovering from their decade-low levels in 2023, to reach an aggregate deal value of approximately US$3.5 trillion. These increases were attributable largely to a 25% rise in sponsor-related dealmaking and a return of megadeals. 

M&A transaction volumes improved during the third and fourth quarters of the year, following a lackluster first half of the year. This resulted in an annual global increase of 1.5%, even amidst a 3% decline in the United States.

Across sectors, technology M&A reasserted itself as the market leader by value and volume in 2024, rebounding from 2023 lows as investor demand for AI, digital innovation, and machine learning increased.

Our M&A Group is grateful to have worked with you over the course of the past year. Your transactions propelled Hogan Lovells to more than 30 M&A league table rankings worldwide, including top rankings for Global M&A and across Europe, France, Germany, Italy, the Nordics, Spain, the United Kingdom, Canada, Latin America, Asia Pacific, and China.

We enter 2025 with measured optimism for substantial M&A activity, based upon strong corporate fundamentals for strategics, significant capital held by sponsors, and reduced regulatory intervention, and in anticipation of compromises to be reached across the economic and diplomatic policies of new administrations. Our perspectives are set forth within our 2025 M&A Outlook here.

We appreciate the trust that you continue to place in us, and we look forward to supporting you on your M&A transactions in the year ahead.

Best wishes for continuing success in 2025,

The Hogan Lovells M&A Group