{"id":990,"date":"2018-06-28T00:00:00","date_gmt":"2018-06-28T00:00:00","guid":{"rendered":"https:\/\/capitalmind.eu\/transport-logistics-ma-report\/"},"modified":"2025-01-08T08:53:31","modified_gmt":"2025-01-08T07:53:31","slug":"transport-logistics-ma-report","status":"publish","type":"post","link":"https:\/\/www.investec.com\/advisory\/transport-logistics-ma-report\/","title":{"rendered":"Transport &#038; Logistics &#8211; M&#038;A report"},"content":{"rendered":"<p><strong>T&amp;L providers use M&amp;A to drive earnings and growth<\/strong><\/p>\n<p>Transport &amp; Logistics (T&amp;L) faces an era of unprecedented change, as digital and technological disruption and increasing competition from large geographically integrated groups conspire to win market share and squeeze margins in the mid-market. In response, we are seeing corporate transactions (increasingly cross-border) being used to improve efficiencies, differentiate offerings and to tap growth by getting ahead of the mega-trends. And with more than \u20ac200 billion of annual revenues at stake in Europe alone, there\u2019s a lot to play for.<\/p>\n<div>Key insights:<\/div>\n<div><\/div>\n<ul>\n<li>The competitive landscape is shifting in the T&amp;L sector across Western Europe, as competition ramps up from large integrated groups and new tech savvy players (eg. last-mile). The market is focusing on efficiencies, differentiation, and new growth trends.<\/li>\n<li>Deal activity remains high and stable: we are seeing far more cross-border transactions, driven by geographic integration strategies, e-commerce growth, and more open and deregulated markets.<\/li>\n<li>Strategic investors are seeking complementary businesses that can be bolted on to&nbsp; existing operations, while private equity is seeking high growth niche segments, and underperforming businesses that require modernization (technology) and a strategic rethink. Private equity is extremely active, present in around half of all deals.<\/li>\n<li>Valuations in the European mid-market vary widely, depending on positioning. As a general rule, niche and specialist segments and less capital intensive business models are receiving the highest EBITDA valuation multiples.<\/li>\n<li>Value-added business models are vital, as competition from Eastern Europe (in road freight), new tech players and large integrated groups continue to win market share and squeeze margins.<\/li>\n<li>Smart players are using technology to add value and improve efficiencies. Technological and digital capabilities are expected to be an important M&amp;A driver in the future, highlighted by the large increase in \u2018log-tech\u2019 investments over the last three years.<\/li>\n<\/ul>\n<p>The full report is available on request <a href=\"mailto:marie.dulout@capitalmind.com\"><em><strong>here<\/strong><\/em><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>T&amp;L providers use M&amp;A to drive earnings and growth Transport &amp; Logistics (T&amp;L) faces an era of unprecedented change, as&#8230;<\/p>\n","protected":false},"author":55,"featured_media":1264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[71],"tags":[],"news-event-type":[],"dealtype":[],"class_list":["post-990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sector-and-product-insights","ps-business-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Transport &amp; 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