M&A Year in Review 2023 brochure - Flipbook - Page 93
| M&A Outlook | 2024
Mobility
Technology
The automotive and mobility M&A market in
2024 is likely to be heavily influenced by the
industry’s shift towards electrification and a need
to acquire capabilities in battery technology.
Automakers will seek to secure access to advanced
battery designs and materials to improve range,
efficiency, and safety as well as further integrate
and strengthen battery supply chains.
In 2024, technology M&A is poised for dynamic
growth and strategic realignment. Emerging
trends like AI, blockchain, and the metaverse
will drive a surge in acquisitions as companies
pursue innovative capabilities and strategic
advantages.
With
regulatory
scrutiny
intensifying, dealmakers will navigate complex
compliance
landscapes
while
seeking
opportunities for synergistic partnerships.
M&A activity is also likely to target companies
specializing in fast-charging infrastructure to
enhance the convenience and practicality of EVs,
addressing one of the primary consumer concerns
impacting the adoption of EV technology.
Driven by “right-sized” valuations, startups will
remain hot targets, attracting investment from
both tech giants and traditional players
looking to stay competitive in a rapidly
evolving landscape.
Additionally, as the volume of end-of-life EV
batteries increases, acquisitions and investments
in the battery recycling sector are expected to
rise, driven by the need to manage battery
waste and recover valuable materials in a
sustainable manner.
Cross-industry collaborations will accelerate,
fostering convergence and unlocking new
avenues for growth. Sustainability concerns will
increasingly shape dealmaking strategies, with a
focus on eco-friendly technologies and
responsible business practices.
The focus on electrification will prompt
automakers and suppliers to navigate challenges,
such as securing raw materials, scaling up
production capabilities, and adapting to evolving
legislation and regulatory standards that
encourage sustainable practices and localizing
investments in the EV battery supply chain.
In 2024, technology M&A will be characterized
by agility, innovation, and strategic foresight as
companies adapt to seize opportunities for future
disruption and to drive value in a hyperconnected world. With all indicators moving in
the right direction, look for a robust return of
tech M&A in 2024.
See our AI Hub for more insights.
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