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Munich (dpa) - The management consultancy Bain expects a new wave of takeovers and mergers in the auto industry.
Car manufacturers and suppliers were buying more and more companies from other industries in order to cope with the upheavals towards e-mobility, digitization and autonomous driving.
The volume of strategic takeovers in the automotive industry has doubled within five years from 2015 to 75 billion dollars (currently 63.1 billion euros), according to a study published by the consultants on Friday.
"The consolidation of the automotive industry will undoubtedly continue," said Bain industry expert Klaus Stricker.
Takeovers and mergers would become “a strategic core competence”.
From 2015 to 2019, the number of deals with a volume of more than 100 million dollars rose by 40 percent to 54, according to Bain. At the same time, the average transaction volume grew by 50 percent to 1.4 billion dollars.
The Corona year 2020 slowed this trend with 35 deals for a total of 26 billion dollars.
But three quarters of this was accounted for by deals in which buyers expand their portfolio, acquire skills or enter new business areas.
The rest was aimed at economies of scale and costs.
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"For the automotive industry, the 2020s will be dominated by disruptive changes," said Stricker.
"For manufacturers and suppliers alike, acquisitions are an opportunity to increase the speed of innovation and quickly expand hardware and software skills."
Since 2015, there have been six times as many takeovers and mergers in the computer and electronics industry as in the auto industry, and their business models have converged.
According to Bain, there are now good opportunities for well-funded companies: “Times of crisis usually dampen the expectations of sellers.
In addition, the capital base is tight in many places. "
© dpa-infocom, dpa: 210409-99-138290 / 2