M&A activity in the logistics and supply chain sectors saw modest growth in Q2 2025, according to BDO’s latest report. A total of 21 deals were completed between April and June, an increase from 18 transactions in Q1. However, overall deal volumes in the first half of 2025 were lower than in the second half of 2024, with 39 deals recorded compared to 46 in the previous six months.
Cross-border transactions continued to dominate, accounting for 45% of all deals. Notably, 90% of the transactions involved trade, with 40% centred around tech-enabled companies. Consolidation within the industry remained a key driver as businesses sought to enhance efficiency, particularly amidst the pressures of rising costs, talent shortages, and supply chain disruptions.
Key mergers included the acquisition of the UK’s leading parcel delivery company, Evri, by DHL’s ecommerce division, creating the country’s largest door-to-door delivery service. Other notable deals involved Dutch company InPost purchasing Yodel Delivery Network and American tech firms acquiring Locus Software and Atheon Analytics.
Despite market uncertainties and moderate valuations, the report highlights that strategic consolidation, supported by technology investments such as AI and automation, is enabling businesses to stay competitive and sustainable in a challenging landscape.
