The US dominated among the Smart Logistics buyers, accounting for 44% of all acquisitions. The UK, Germany and Canada also made the list, representing the headquarters of 14%, 10% and 7% of acquirers, respectively. M&A activity extended to Asia and the Middle East as well, reflecting the sector’s international reach. Cross-border deals comprised 46% of total deal volumes.

In terms of geography, 42% of Smart Logistics sellers were based in the US, with the Netherlands following at 11%. That was trailed by the United Kingdom at 8%, Germany at 6%, and Canada at 4%. The sector also saw meaningful seller activity in Latin America and Australia.