Intersections: Global transportation & logistics merger and acquisition analysis

Merger and acquisition (M&A) activity in the Transportation and Logistics (T&L) sector slowed in Q1 2013 despite shipping and infrastructure deals increased the average deal value. China’s busy deals market offset slower M&A in the United States and Europe. PwC expects a modest acceleration in transportation M&A for the rest of 2013.

Highlights of this quarter's analysis:

  • The pace of deal activity slowed somewhat during the first quarter, though several large shipping and infrastructure deals provided strength at the top of the market and contributed to an overall increase in average deal size.
  • Much of the decline in the overall volume of deals can be explained by the fall-off in financial investor activity.
  • Infrastructure transactions accounted for the majority of mega deals in 2012, and for 2013 to date.
  • Airlines could provide significant deal flow this year, despite regulatory barriers affecting the mode.
  • On a regional basis, China was very active, driven by domestic consolidation in shipping and terminal assets.