Global Transportation and Logistics Deals Insights - Q1 2018

Deal value surges, deal volume declines

The global Transportation and Logistics (T&L) sector reported 61 deals in Q1 2018. While deal value increased by 114%, deal volume declined by 12%, over the same quarter of last year.

Passenger Ground and Passenger Air accounted for the value increase, mainly driven by a single megadeal, the joint bid of Atlantia SpA  and ACS/Hochtief AG for Spanish road transportation operator Abertis Infraestructuras SA  (deal value $22.5 billion).

Shipping led the volume decline, experiencing a 50% year on year decline in the number of deals.

“Interest in Canadian opportunities in the transportation infrastructure and e-commerce supply chain markets remains high with several noteworthy acquisition and investment announcements occurring during the first quarter of 2018.”

Eric Castonguay,
Partner, National Corporate Finance Leader

Trends and highlights

2017 trends and highlights

Although transaction volume declined for the second quarter in a row, total announced deal value reached $43.8 billion, the highest quarterly value recorded over the last three years.

Deal volume surged in the Passenger Air sector, increasing by 78% over last quarter to 16 deals making this sector the largest contributor to deal volume.

Financial investments scaled up to peak levels this quarter, totalling $35.1 billion and accounting for 80% of deal value.

The acquisition of Abertis Infraestructuras SA  for $22.5 billion was the only megadeal announced with a value greater than $5 billion. The transaction contributed 51% of total deal value and it is the largest deal reported since 2013. 

The Asia & Oceania region continues to drive M&A volume, with local deals in China accounting for 40% of the top 20 deals by value. The UK & Eurozone region represented 53% of total deal value by acquirer region.

Previous quarter reports

Contact us

D. Scott Collinson

D. Scott Collinson

National Transportation & Logistics Lead, PwC Canada

Tel: +1 416 687 8188

Eric Castonguay

Eric Castonguay

Deals Partner, National Corporate Finance Leader, PwC Canada

Tel: +1 416 815 5094

Sonia Boisvert

Sonia Boisvert

Assurance Partner, Retail & Consumer, PwC Canada

Tel: +1 514 205 5312

Rodrigue Gilbert

Rodrigue Gilbert

Managing Director, Transportation & Logistics, PwC Canada

Tel: +1 416 687 8714

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