In the global automotive industry, there were 119 M&A deals announced in Q1 2024, worth a total value of $2.5bn, according to GlobalData’s Deals Database. The $405.1m acquisition of Sogefi Filtration and Sogefi USA by Carta Acquisition France and Carta Acquisition US 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.
Smarter leaders trust GlobalData
In value terms, M&A activity decreased by 73% in Q1 2024 compared with the previous quarter’s total of $9.2bn and rose by 6% as compared to Q1 2023. Related deal volume decreased by 7% in Q1 2024 versus the previous quarter and was 9% higher than in Q1 2023.
Notably, foreign direct investments (fdi)-related deals accounted for a 27% share of the global automotive industry’s M&A activity in Q1 2024, up 24% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Houlihan Lokey; Lazard; UBS Group with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Dorsey & Whitney; Weil, Gotshal & Manges; BCF Business Law with 2, 2, 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.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
