DÜSSELDORF (dpa-AFX) - According to a study, container terminals and ships continue to be sought after as investments by investors. For strategic investors such as companies, such financial investments are essential in order to maintain supply chains, according to the semi-annual study by auditors PwC on takeovers and mergers in the global transportation and logistics sector.

According to the study, there were 86 takeovers and mergers in the transportation and logistics sector in the first half of the year. These were deals with a value of at least 50 million US dollars. That is twelve fewer takeovers and mergers than in the first half of 2023. According to PwC, this is the lowest level in the past ten years.

"Economic uncertainty, volatile market conditions, persistently high inflation and new regulatory requirements are putting logistics companies under pressure," said Ingo Bauer, co-author of the study. Companies therefore need to reduce costs and increase efficiency.

Air freight sector benefits

The Houthi attacks in the Red Sea continue to affect container shipping, the authors write. Shipping companies are therefore avoiding the journey through the Red Sea and instead using the longer route around the southern tip of Africa, the Cape of Good Hope. This leads to delays. Freight rates have risen significantly, according to the "Transport & Logistics Barometer".

The air freight sector is benefiting from the disruption to shipping. The transportation of air freight increased worldwide in the first three months of the year. Online trade and demand for special freight such as lithium batteries also contributed to this. In contrast, demand for road freight transport was weak at the beginning of the year. Companies were also confronted with rising operating costs.

Twelve "megadeals"

So-called megadeals were still comparatively rare, even though there was an increase here. The authors define a "megadeal" as a takeover or merger with a value of more than one billion US dollars. There were twelve such "megadeals" in the first half of the year. There were five in the same period last year. One reason for the increase is the continuing demand for infrastructure, for which investors paid high prices.

One of the "megadeals" reportedly took place in Hungary, where the state acquired a majority stake in Budapest Airport, as was announced in June. The country's Ministry of Economy put the purchase price at 3.1 billion euros.

Forecast: more business activity

PwC expert Bauer said that he expects a "revival" in takeovers and mergers in the second half of the year. "Also because the easing inflationary pressure and the prospect of interest rate cuts will create a more favorable environment for financial investors."/lkm/DP/mis