Mergers and acquisitions activity set for new high


Merger and acquisition (M&A) activity in the global transport sector is set to hit more than £40bn during 2015, beating last year’s figure of £39.6bn, according to the latest KPMG Transport Tracker. Consolidation, geographical expansion and vertical specialisation (the import of goods for production and subsequent export of the finished product) remain the predominant reasons for transactions in the sector, according to KPMG. This was underlined this week by FedEx’s bid for TNT Express, which KPMG said is an example […]