M&A in the global transportation and logistics sector picked up steam in Q2 2017, with the sector reporting its highest quarterly deal value in the last three years, along with the second highest deal volume over the same period.
The Passenger Ground category contributed the most to deal value in the quarter, driven by the years largest transaction of Atlantia SpA acquiring Abertis Infraestructuras SA for $18.3 billion. The Trucking category also performed strongly, including the $2.9 billion Swift-Knight merger.
Structural changes in the Shipping sector continued to drive M&A activity in that sector, and the recently announced acquisition of Orient Overseas International by China’s Cosco Shipping for $6.3 billion suggests that consolidation is set to continue.
The level of deal making activity in the UK and Eurozone region and the number of cross border deals also hit three year highs in the quarter.
“Megadeal activity surged in Q2-17, driving the highest quarterly deal value in the past three years. Increased European deal activity and participation of financial investors pushed deal volume close to a three year high.”