A year of two halves
2022 can be viewed as a year of two halves in IoT M&A. The year began riding the momentum of 2021, with Q1 seeing higher deal flow than any quarter of the previous year. As inflation worries and rate hikes began to set into the economy, deal flow quickly slowed from its red hot pace in Q2. As rates continued to rise and economic outlook dimmed, deal flow continued to slow, returning to a cadence more normal from a historical perspective in the second half of the year. Despite these headwinds, the IoT M&A market continues to grow and is still above where it was prior to the COVID-19 pandemic.
In this 2022 edition of our Year in Review newsletter, we look back over a tumultuous year to examine strategic and financial investor activity around IoT, put a spotlight on IoT in the healthcare space and sit down for an interview with Steve Brummer, a Partner at BH IoT Group, one of the foremost experts in the IoT space.