1、M&A market report 2H 2024 Autotech&Mobility1 Autotech&Mobility M&A Overview 2H 2024Last year saw the highest transaction volume ever recorded for the Autotech&Mobility sector,suggesting the market was re-energised following the post-pandemic slump which had impacted the whole of the tech industry.As

2、 revealed by the most recent deal data in this report,that energy somewhat dissipated in 1H2024,with the M&A market markedly less bullish than it was in 2023.While theres no getting away from the macroeconomic headwinds which are exerting a downward pressure on dealmaking,a few key factors suggest t

3、hat momentum is liable to return.First and foremost,theres the irresistible nature of the EV transition,with independent transport research organisation New AutoMotive finding that global EV sales hit an all-time high in Q2 2024,up 19%from the first quarter.With both legacy and EV-native OEMs jockey

4、ing for position as the world slowly but surely embraces electrification,the imperative to adopt related technologies-from on-board software systems for EVs to convenient and cost-effective charging infrastructure-is sure to drive an expansion of the Autotech ecosystem and propel M&A activity.Moreov

5、er,the rise and rise of Chinese carmakers is continuing to present a serious challenge to OEMs around the world.We anticipate a wave of dealmaking as manufacturers restructure and engage in consolidation to strengthen their positions in the face of the formidable threat from China.Autotech&Mobility:

6、EVs continue to change the game2 Autotech&Mobility M&A Overview 2H 2024M&A SummaryTotal number of deals&valuation multiples in Autotech&Mobility,1H2019-1H2024 For the trailing 30-month revenue multiples,50%of all deals were in the 0.4x to 2.7x range,with a median of 1.5x.The minimum revenue multiple