India has emerged as the fourth-biggest target in the Asia-Pacific IT mergers and acqusiitions (M&As) space with deals worth over $3.5 billion in 2006.Total M&A activities in Asia-Pacific technology sector totalled $35.1 billion in 2006. Indian companies were target in deals worth 10% of the total value, according to data compiled by Dealogic.Taiwan was the most targeted nation with deals worth $12.2 billion through 76 transactions followed by Japan with $7 billion in 441 deals and China with $5.1 billion in 275 deals.The acquisition of 85% stake in Flextronics Software by private equity firm Kravis Kohlberg Roberts (KKR) for about $900 million alone contributed for over 25% of the total deal volume in 2006.
