KPMG predicts Asian M&A will continue in transport sector

Auditor KPMG has predicted that the Asia-Pacific region will continue to attract the majority of mergers and acquisitions (M&A) in the transport industry.

In a statement, the company said that the region contributed to 55% of announced transaction values in 2015. “We expect this trend to continue, reflecting underlying demographics, and the search for new markets,” the statement said.

Australia’s Asciano and Singapore’s Neptune Orient Lines were among the Asian-Pacific companies which were subject to acquisition in 2015.