Welcome to the latest edition of Assembling value, PwC’s analysis of mergers and acquisitions in the global industrial manufacturing industry. In this report, you’ll find an overview of M&A in the sector during the first quarter of 2012, plus expectations for deal activity in the near future.
As expected, 2012 began with slower deal activity. The outlook for global industrial manufacturing remains cautiously optimistic as the worldwide economy continues to recover. The slow but stable growth of the US economy and its manufacturing sector provide bright spots for deal making. And after months of decline, Chinese industrial manufacturing appears to be returning to positive growth.
However, if the level of global economic uncertainty remains elevated, it could hurt the growth rate and appeal of the industrial manufacturing sector and temper the number and value of M&A transactions.