Analysis of the key themes driving M&A activity reveals that internet of things accounted for 3 automotive deals announced in Q3 2023, worth a total value of $59m. The $54.8m majority acquisition of Weifang Weichai Intelligent Technology by Sinotruk Ji’nan Power 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.
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In value terms, internet of things-related deal activity remained flat in Q3 2023 compared with the previous quarter and as compared to Q3 2022. Related deal volume remained flat in Q3 2023 versus the previous quarter.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 – 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.
