In the Canadian automotive industry, there were 6 M&A deals announced in Q1 2024, worth a total value of $300m, according to GlobalData’s Deals Database. The $300m merger of Exro Technologies and SEA Electric and Electrameccanica Vehicles was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in 2023 in the automotive industry. Buy the report here.
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In value terms, M&A activity in Canada increased by 205% in Q1 2024 compared with the previous quarter’s total of $98.3m. Related deal volume remained flat in Q1 2024 versus the previous quarter and was 25% lower than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Canada in Q1 2024 were Deloitte Touche Tohmatsu; Eight Capital; Houlihan Lokey with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Canada in Q1 2024 were Blake, Cassels & Graydon; Cooley; Dorsey & Whitney with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 – Thematic Intelligence, buy the report here.
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