Analysis of the key themes driving M&A activity reveals that batteries accounted for 5 automotive deals announced in Q1 2024, worth a total value of $372.8m. The $300m merger of Exro Technologies and SEA Electric and Livan Automotive was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in 2023 in the automotive industry. Buy the report here.
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In value terms, batteries-related deal activity increased by 45% in Q1 2024 compared with the previous quarter’s total of $257.5m and rose by 1863750% as compared to Q1 2023. Related deal volume decreased by 50% in Q1 2024 versus the previous quarter and was 150% higher than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Canaccord Genuity Group; Eight Capital; Finhaven Capital with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Dorsey & Whitney; Blake, Cassels & Graydon; Morrison Cohen with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.
