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.
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.