Forging ahead: First-quarter 2016 global metals industry mergers and acquisitions analysis

April 2016

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Forging ahead: First-quarter 2016 global metals industry mergers and acquisitions analysis

Deal value increased both sequentially and year-over-year in the metals sector in the first quarter, driven by a substantial increase in Megadeal activity and despite a decline in volume over the previous quarter.

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Forging ahead is PwC's quarterly analysis of merger and acquisition (M&A) activity in the global metals sector. 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:

  • Strong megadeal activity (with two deals totaling $5.8 billion in value) accounted for 66 percent of total deal value for this first quarter
  • Local deals outperformed cross-border deals and constituted close to 89 percent of the total deal value for the quarter
  • Strategic investors were major contributors to the total deals in the metals sector. Despite reduced deal volume on a year-over-year basis, deal value increased by 28 percent
  • On a segment basis, 1Q16 activity was driven by steel and aluminum, which together accounted for 86 percent of the overall deal volume Regionally, Asia and Oceania experienced the greatest volume of activity in the sector (with 86 percent of the deals announced in quarter)

Download the analysis to review all the key trends from 1Q16.

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