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Transport industry 'set for M&A upsurge'
Analysts have predicted a fresh wave of mergers and acquisitions (M&A) in the transport industry over the coming months.
According to the Financial Times, new research from KPMG suggests various market conditions will combine to make large transactions "irresistible" to companies in the sector.
James Stamp, head of transport transactions at the firm, said the need for economies of scale and the competitive advantage gained by offering a wider range of services will create an appetite for deals.
"We saw an upturn in transport M&A last year; we're expecting more this year," Mr Stamp told the newspaper.
"Having survived the downturn, many companies will be focusing externally again."
Figures from Dealogic show the number of deals in the global transport and logistics sector rose by three per cent in 2010.
A report published by PricewaterhouseCoopers in November last year noted the emergence of China as a significant deal-maker in transport and logistics.
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