Analysis of the key themes driving M&A activity reveals that batteries accounted for 7 automotive deals announced in Q4 2023, worth a total value of $239m. The $210m acquisition of Proterra and Proterra Operating by Volvo Group was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In 2023 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, batteries-related deal activity decreased by 39% in Q4 2023 compared with the previous quarter’s total of $388.5m and rose by 67% as compared to Q4 2022. Related deal volume decreased by 22% in Q4 2023 versus the previous quarter and was 22% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Bank of Nova Scotia; FTI Consulting; Moelis & Co with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Paul, Weiss, Rifkind, Wharton & Garrison; Cleary Gottlieb Steen & Hamilton; KL Partners with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In 2023 – 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.
