In the global automotive industry, there were 113 M&A deals announced in Q3 2023, worth a total value of $4.4bn, according to GlobalData’s Deals Database. The $1.1bn minority acquisition of ZF Chassis Modules by Hon Hai Precision Industry was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in Q3 2023 in the automotive industry. Buy the report here.
In value terms, M&A activity increased by 175% in Q3 2023 compared with the previous quarter’s total of $1.6bn and fell by 69% as compared to Q3 2022. Related deal volume increased by 12% in Q3 2023 versus the previous quarter and was 5% lower than in Q3 2022.
Notably, automotive-related deals accounted for a 33% share of the global automotive industry’s M&A activity in Q3 2023, up 12% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Rothschild & Co; Stifel Financial; Benchmark Investments with 3, 3, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Kirkland & Ellis; White & Case; Baker & McKenzie with 4, 4, 3 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 – Thematic Intelligence, buy the report here.