Analysis of the key themes driving M&A activity reveals that internet of things accounted for 2 construction & real estate deals announced in Q3 2023, worth a total value of $244.2m. The $231m majority acquisition of Klovern by NREP was the industry’s largest disclosed deal. GlobalData’s Construction Industry Mergers and Acquisitions Deals report for Q3 2023 uncovers key trends behind the Construction Industry M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.

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In value terms, internet of things-related deal activity increased by 7300% in Q3 2023 compared with the previous quarter’s total of $3.3m and rose by 2944% as compared to Q3 2022. Related deal volume decreased by 50% in Q3 2023 versus the previous quarter and was 67% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Global Power Partners; Stang Capital Advisory; VBG International with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Construction Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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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 Acquisition, Asset transactions and Mergers.