China Buys Its Way to Aerospace Growth with M&A Splurge

by swisscham in Consulting, Legal, Services, Tax

China’s ambitions to fast-track the development of its aerospace industry continued to be a key driver of merger and acquisitions (M&A) activity during the second quarter, according to financial advising group PricewaterhouseCoopers (PwC). In a report last week, the group contrasted high levels of M&A activity in the civil aerospace sector with a defense sector where deal-making has slowed in the wake of the U.S. federal government cuts to military spending and the uncertainty prompted by the budget sequestration. So far this year there have been 17 civil aerospace M&A deals each worth more than USD 50 million, with a total value of USD 4.2 billion, compared with just four defense deals totaling USD 1.3 billion, according to PwC. The total value of M&A deals during the second quarter reached USD 4.1 billion, compared with USD 1.9 billion in the first quarter. This included one unspecified “mega-deal” involving a Chinese company and worth USD 1.5 billion alone.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
October 14, 2021
Published By prnasia.com in Business
October 13, 2021
Published By global.chinadaily.com.cn in Bank / Finance / Insurance
October 7, 2021
Published By reuters.com in Engineering / Manufacturing
September 28, 2021
Published By s-ge.com in Business
September 18, 2021
Published By Consulate General of Switzerland in Guangzhou in Bilateral Relations