In the face of difficult market conditions brought on by the COVID-19 pandemic, M&A in the diversified industrials sector increased in value and reduced in volume during 2020.
Many companies in the sector sought to reduce debt and to shed non-core assets leading to some high-value transactions. Overall, the sector demonstrated remarkable resilience, given that its capital intensive, crossborder and highly regulated nature made it particularly vulnerable to disruption by a global pandemic.
Hogan Lovells activities
Our Diversified Industrials industry sector remained at the forefront of the developments in the sector and published Hogan Lovells Chemicals Horizons, a cross-practice publication, offering insights into issues facing stakeholders in the chemicals industry, including a burgeoning automotive recession, escalating trade wars, mounting pressure to recycle carbon products, and a looming oversupply issue.
Our Construction, Engineering, and Projects team hosted its flagship annual Construction, Engineering, and Infrastructure Day Conference, discussing an array of topics, including joint ventures and risk management. The team also offered recurring virtual clinics throughout the year to address client concerns in real time.