Transport, Logisitics M&A Activity Dips
Mergers and acquisitions in the global transport and logistics sectors dipped slightly in the third quarter on fewer deals in emerging markets, but the market remains “resilient,” according to PricewaterhouseCoopers US.
There were 39 deals worth $50 million or more totaling $11.3 billion in July-September, compared with 46 transactions valued at $11.3 billion in the second quarter and 43 deals worth $21.2 billion in the third quarter of 2010, the consultant said.
“Deal activity was resilient in the third quarter of 2011 despite concerns over macro economic trends that included fears over European debt, the potential for double dip recession in the U.S. and fewer deals in the emerging markets,” said Kenneth Evans, U.S. transportation and logistics leader for PwC.
Strategic investors drove the majority of M&A activity in the third quarter with 68 deals worth $50 million or more in the third quarter, compared to 60 percent for the whole of 2010.
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