Analysis of the key themes driving M&A activity reveals that autonomous vehicles accounted for 5 automotive deals announced in Q2 2024, worth a total value of $968m. The $923m majority acquisition of Motional by Hyundai Mobis, Hyundai Motor, Hyundai Motor Group and Kia was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q2 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.
In value terms, autonomous vehicles-related deal activity increased by 933% in Q2 2024 compared with the previous quarter’s total of $93.7m and rose by 1263% as compared to Q2 2023. Related deal volume decreased by 29% in Q2 2024 versus the previous quarter and was 55% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Bank of Montreal; KKR; UBS Group with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Paul, Weiss, Rifkind, Wharton & Garrison; Kirkland & Ellis; Weil, Gotshal & Manges with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q2 2024 – Thematic Intelligence, buy the report here.
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