M&A activity in the global transportation and logistics (T&L) sector continued to be robust in Q3 2017 after a significant pick up in Q2 2017. Overall, the sector reported 71 transactions worth $43.3 billion, and experienced the second highest level of quarterly deal volume and value in the last three years. Q3 2017 also reported 5 of the 10 largest T&L deals of 2017.
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.
Asia and Oceania continued to be the largest geographic region in terms of deal volume and value.
Consumer Markets Tax Leader
Tel: +1 (646) 471 0902
Consumer Markets Assurance Leader
Tel: +1 (617) 530 4473
PwC | Partner | U.S. Deals Sector Leader
Tel: +1 (612) 596 4900