In the global automotive industry, there were 115 M&A deals announced in Q4 2023, worth a total value of $8.9bn, according to GlobalData’s Deals Database. The $3.9bn minority acquisition of Vitesco Technologies Group by Schaeffler 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.
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In value terms, M&A activity increased by 98% in Q4 2023 compared with the previous quarter’s total of $4.5bn and rose by 93% as compared to Q4 2022. Related deal volume increased by 3% in Q4 2023 versus the previous quarter and was 7% lower than in Q4 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 34% share of the global automotive industry’s M&A activity in Q4 2023, up 15% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q4 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 Q4 2023 were Kirkland & Ellis; White & Case; Baker & McKenzie with 5, 5, 4 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.
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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.
