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Merger and acquisition (M&A) deal volume and value in the global industrial products industry rose significantly in fourth-quarter 2013, according to PwC US.An audit, tax and consulting services firm, PwC examined M&A deal activity in the transportation and logistics, chemicals, engineering and construction, industrial manufacturing, metals, and aerospace and defense sectors. In the fourth quarter, 216 transactions were logged worth $50 million or more and totaling $83.6 billion in value compared with 181 such deals totaling $65.3 billion in third-quarter 2013.Transportation & logistics M&A activity was a significant driver, accounting for 66 transactions of $50 million or more worth $23.2 billion compared with 42 deals worth $10.7 billion in the third quarter, PwC officials said in a press release. In addition, financial investors increased their participation across the majority of M&A market sectors, contributing 36.4 percent to total deal volume in the quarter, the highest level in five years, they said.“We witnessed a notable uptick in the overall M&A environment across the global industrial products industry during the fourth quarter, as worldwide business sentiment continued to improve,” said Robert McCutcheon, the U.S. industrial products leader for PwC. “Despite a recent rise in volatility stemming from instability in several emerging markets and a potential slowdown in China, we may see a positive deal momentum to continue in 2014."There also was a sequential increase in "mega deals" across several sectors in the fourth quarter, with a total of 20 such deals worth $38.1 billion, PwC officials said. The chemicals industry accounted for six mega deals valued at $10.7 billion compared with only one mega deal worth $1.3 billion in the third quarter."Financial investors are re-entering the M&A market in the industrial products industry, reflecting improved sentiment and moderation in perceived risk, particularly in more established global markets," said McCutcheon.For the full year, 726 transactions were logged worth $50 million or more and totaling $257.8 billion in value versus 836 such deals worth $353.3 billion in 2012.
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