There were nine M&A deals made during the quarter with a combined value of $23.6bn, which is almost 69 percent of total deal value for logistics services Q2 2015. In April, FedEx began its acquisition of express company TNT at a value of $4.8bn, which was the largest M&A announcement during the three-month period.
Cross-border expansions were key drivers for many of the deals, particularly in advanced economies. Cross-border activity is less significant in emerging economies, the report said, since those companies tend to be smaller and are looking to acquire local competitors to increase market share.
Enjoy curated articles directly to your inbox.