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M&A deal activity in engineering and construction continues to rebound

The merger and acquisition deal activity in the global engineering and construction sector shows continued momentum in quarter two 2010, according to reports from PricewaterhouseCoopers.

The near-term outlook remains favourable for continued growth, as the first half of 2010 has seen 30 more deals than the first half of 2009.

In terms of value, deals totalled USD11.8bn in the second quarter of 2010.

The M&A activity in the aerospace and defence industry was relatively sluggish in Q2 2010, according to PwC. There were seven announced deals worth USD50m or more, compared to the eight deals reported in Q1 2010. Additionally, the total value for announced deals in Q2 was USD2.2bn, a significant decline from the USD5bn in total deal value from the first quarter of this year.

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