UK mergers and acquisitions in the last 18 months - visualised
Asia and Oceania have seen the most M&A activity on the global stage in the past year, according to new figures from PwC. But what has activity been like in the UK?
Construction News, with Nash Fitzwilliams, has collated UK deals over the last 18 months to provide an interactive set of data.
A selection of these can be seen below, but click through on the link below to see the wider UK market.
Adrian Pritchard, specialist in construction mergers & acquisitions at Nash Fitzwilliams, said: “2012 remains a difficult year for construction M&A, with buyers being extremely selective and considerable downward pressure on valuations.”
Paul Trickett, partner in construction M&A at Deloitte, said overseas groups are likely to continue to feature heavily in upcoming M&A activity in the construction sector.
He said: “Many of the international players see opportunities to establish a footprint in the UK or to tap into the skills base here to export back to their domestic markets. Across the world, though, direct entry has proved difficult to execute so we are likely to see entry in the form of joint ventures or acquisitions where strong post-merger integration will be crucial.”
PwC says global M&A activity in engineering and construction continued to decline in the second quarter of 2012, due to the European sovereign debt crisis, the slowdown in the growth of the Chinese economy and overall uncertainty of the sector’s growth prospects. The majority of transactions in the second quarter were in countries such as South Korea, Thailand, Taiwan and Australia.