Wed, 02 Jun 2010 | MBO/MBI
There has been a big increase in mergers and acquisitions in the global transport and logistics sector, according to the accountancy firm PricewaterhouseCoopers.
Their latest research shows that the number of acquisitions completed in the first quarter of this year exceeds the total for the whole of 2009.
The research also pointed to improving conditions for acquirers, particularly higher levels of traffic and better access to the capital markets. There has also been a growing confidence that the world's economies are picking up, and that the time is right to to acquire companies while prices are still relatively cheap.
A spokesperson from PricewaterhouseCoopers, said that half of all deals in the transport and logistics sectors were being driven by buyers in Asia and developing countries.
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