Analysis of the key themes driving M&A activity reveals that autonomous vehicles accounted for 7 automotive deals announced in Q1 2024, worth a total value of $93.7m. The $90m acquisition of Carbon Trust and CYF (BVI) by MingZhu Logistics 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.
In value terms, autonomous vehicles-related deal activity decreased by 70% in Q1 2024 compared with the previous quarter’s total of $314.8m. Related deal volume remained flat in Q1 2024 versus the previous quarter and was 75% higher than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Bank of Montreal; KKR; UBS Group with 1, 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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