Dealmaking Decreases in Autotech & Mobility Sector, But Key Indicators Point Towards Resurgence in M&A Momentum
The latest Autotech & Mobility M&A report from Hampleton Partners, the international M&A and corporate finance advisory firm for software and technology companies, reveals that 38 deals took place in 1H2024. This is the second consecutive decline in half-year deal numbers since the 77 transactions recorded in 1H2023, which was the second-highest volume on record.
The shift in activity reflects a general caution among investors and acquirers, with macroeconomic and geopolitical pressures instilling a more risk-averse approach. However, soaring global sales of electric vehicles, which reached a record-high in Q2 2024, together with the concurrent demand for next-gen automotive technologies such as ADAS and vehicle-to-everything (V2X) systems, indicate that the Autotech M&A market is poised for an upwards trajectory.
Waves of consolidation are also expected to energise dealmaking, particularly within the highly fragmented EV charging segment where a plethora of smaller players are ripe targets for acquisition.
Urban mobility concerns are spurring growth
EV charging infrastructure is a key consideration within the urban mobility space, whose significance is emphasised in the new report. The imperative to improve urban mobility – whether in terms of managing transport networks and congestion, supporting EV vehicles, or meeting carbon emissions targets – is now a key motivating factor for both technological innovation and M&A activity.
Michael Brecht, Hampleton Partners’ new Autotech Sector Principal, said: “While dealmaking within Autotech & Mobility has been as impacted by investor caution as many other tech sectors, and while issues related to government financing and technical infrastructure are undoubtedly slowing the EV transition in certain territories, the overall picture remains exciting.”
Top Autotech & Mobility acquirers – past 30 months
The three most prolific buyers within the Autotech & Mobility space over the past 30 months have been:
Modaxo – 7 acquisitions, including Conduent Business Services (parking management software), Fara AS (ticketing & fleet management SaaS), and SS Telematica (fleet management SaaS)
Valsoft – 4 acquisitions, including BDK Informatik AG (transport & logistics management SaaS), Freicon Software GmbH (automotive dealer management SaaS), and Enrich Software Corporation (truck leasing ERP SaaS)
Miovision – 4 acquisitions, including Traffic Technology Services Inc (vehicle traffic assistant software), Global Traffic Technologies (traffic control system & SaaS), and MicroTaffic Inc (road safety video analytics SaaS)
Report available for download
Download the full Hampleton Partners Autotech & Mobility M&A Market Report 2H2024, which discusses trends shaping the sector and takes a close look at pivotal deals within five key segments: Enterprise Applications, Internet Commerce & Content, Embedded Software & Systems, Mobility & Fleet Management, and EV Infrastructure.
Note to editors
Hampleton Partners’ M&A Market Reports are compiled using data and information from the 451 Research database (www.451research.com); Capital IQ, CB Insights, Gartner, IDC and more.
About Hampleton Partners
Hampleton Partners advises technology company owners on M&A and growth financing transactions with strategic buyers or financial investors. Hampleton’s experienced deal makers have advised hundreds of tech industry shareholders and provide hands-on expertise and unrivalled advice to entrepreneurs looking to sell their companies, partially exit, or to accelerate growth.
With offices in London, Frankfurt, Stockholm and San Francisco, Hampleton offers a global perspective with sector expertise in: Enterprise Software, Digital Commerce, IT & Business Services, Artificial Intelligence, Autotech, Cybersecurity, Fintech, Healthtech, HR Tech, and Insurtech.
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