In the global industrial goods & machinery industry, there were 430 M&A deals announced in Q1 2023, worth a total value of $5.6bn, according to GlobalData’s Deals Database. The $972.2m minority acquisition of tianjin jianlong iron & steel industry by beijing jianlong heavy industry group was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Construction Industry Mergers and Acquisitions Deals by Top Themes report.
In value terms, M&A activity decreased by 61% in Q1 2023 compared with the previous quarter’s total of $14.5bn and fell by 22% as compared to Q1 2022. Related deal volume decreased by 6% in Q1 2023 versus the previous quarter and was 2% lower than in Q1 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 30% share of the global industrial goods & machinery industry鈥檚 M&A activity in Q1 2023, up 14% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Clearwater International; Deloitte Touche Tohmatsu; Generation Growth Capital with 2, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Baker & McKenzie; Jones Day; Kirkland & Ellis with 3, 3, 3 deals respectively.
For further understanding of GlobalData's Construction Industry Mergers and Acquisitions Deals by Top Themes,
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