Assembling value: Fourth-quarter 2015 industrial manufacturing industry mergers and acquisitions analysis

02/19/2016

Download: Assembling value: Fourth-quarter 2015 industrial manufacturing industry mergers and acquisitions analysis

2015 was a strong year for industrial manufacturing M&A as deal volume increased to its highest total in a decade. Despite a 30% decrease in value compared to 2014, deal value remained well above the ten-year historical average for the sector.

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Assembling value is PwC's quarterly analysis of merger and acquisition (M&A) activity in the global industrial manufacturing industry. It provides an overview of the most recent M&A results and our expectations for future deal activity.

Highlights of what this quarter's analysis revealed:

  • Deal volume increased by 10 percent compared to the prior year and was the highest total in the past 10 years
  • Despite a 30 percent decrease over 2014, 2015’s recorded deal value of $87.2 billion was still well above the ten-year historical average for the sector of $70 billion
  • Fourth quarter was sluggish, with both deal volume declines of 8 and 22 percent sequentially, and 19 and 43 percent year-over-year, respectively
  • Megadeal activity also declined in the fourth quarter, both sequentially by 25 percent and year-over-year by 42 percent, respectively
  • Only one out of every four deals in 2015 were cross-border, which is the lowest percentage of total deals in at least ten years
  • However, deal volume for emerging and developing economies increased by 70 percent

Download the analysis to review all the key trends from 4Q15.

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