According to the GlobalData transaction database, in the first quarter of 2022 in the US, total deals on mergers and acquisitions of the automotive industry were announced in the amount of $ 6.4 billion, as a result of which Cummins acquired Meritor for $ 3.7 billion.
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The value increased by 3353.1% compared to the previous quarter and by 117.6% compared to the average for the last four quarters of $ 2.96 billion.
The U.S. accounted for 73.18% of the global automotive industry’s deal on deals and acquisitions, which amounted to $ 8.8 billion in the first quarter of 2022.
In terms of transaction activity, the US recorded 35 M&A transactions in the first quarter of 2022, an increase of 52.17% over the previous quarter and an increase of 68.67% over the average for the last four quarters.
US automotive mergers and acquisitions in the first quarter of 2022: best deals
In the first quarter of 2022, the top five mergers and acquisitions in the automotive industry accounted for 100% of the total value.
The combined value of the top five mergers and acquisitions in the automotive industry was $ 6.44 billion against a total of $ 6.4 billion recorded for the quarter.
The top five mergers and acquisitions of the automotive industry in the first quarter of 2022, which tracked GlobalData, were:
1) Cummins deal to acquire Meritor for $ 3.7 billion
2) Acquisition of GM Cruise by General Motors for $ 2.1 billion
3) Cummins deal to acquire from Jacobs Vehicle Systems for $ 325 million
4) Acquisition of dlhBOWLES by ABC Technologies for $ 255 million
5) Deal for the acquisition of ARI Network Services with Highline Sale Investor Group for $ 57.5 million