• 19-AUG-2010

M&A Deal Activity in Engineering and Construction Sector Continues to Rebound in Q2 2010 whilst Aerospace and Defense Sector Slows Down, Reports PwC

PricewaterhouseCoopers signage, London
The merger and acquisition (M&A) deal activity, measured by deal volume, in the global engineering and construction (E&C) sector shows continued momentum in Q2 2010, according to new reports from PricewaterhouseCoopers LLP. The near-term outlook remains favorable for continued growth, as the first half of 2010 has seen 30 more deals than the first half of 2009. In terms of value, deals totaled $11.8 billion in the second quarter of 2010. The M&A activity in the aerospace and defense industry was relatively sluggish in Q2 2010, according to PwC. There were 7 announced deals worth $50 million or more, compared to the eight deals reported in Q1 2010. Additionally, the total value for announced deals in Q2 was $2.2 billion, a significant decline from the $5 billion in total deal value from the first quarter of this year. Available material includes general views of PwC's offices around the world.