华利安：交通技术行业：2022年回顾及2023年展望报告（英文版）（35页）.pdf

1、Transportation Technology UpdateSECTOR COVERAGE REPORT:2022 YEAR IN REVIEW AND PERSPECTIVES ON 2023A PR IL 2023 IntroductionWe are pleased to issue Houlihan Lokeys Transportation Technology Update,which offers our views on 2022 and our perspectives on key ongoing themes for 2023.Although macro risks

2、 impacted technology valuations in 2022 and certain headwinds remain on the horizon,we remain excited about the sector.More than ever,investors are looking for businesses that are providing essential and deeply embedded solutions to non-discretionary end markets like the eight primary transportation

3、 sectors we cover:automotive,aviation,maritime,off-road,public transit,rail,supply chain and logistics,and trucking.Technology adoption in these sectors is accelerating due to a focus on efficiency,supply chain resilience,increased asset complexity,and expanding safety and sustainability regulations

4、.Furthermore,these sectors remain highly fragmented,creating consolidation opportunities for both strategics and private equity investors.As Houlihan Lokey continues to execute transactions in this space,we invite you to contact us to discuss past transactions,future opportunities,or the ecosystem m

5、ore broadly.Best Regards,Shane KaiserManaging Director,Head of Transportation TechnologyInside the Update22022 Year in Review and 2023 Outlook Page 31M&A and Financing Activity Within Transportation Technology Page 92Public Markets Update Page 163Houlihan Lokeys Transportation Technology Sector Cove

6、rage Page 2642022 Year in Review and 2023 Outlook2022 Year in Review4 Although the 2022 M&A market started off strong in Q1,early in the year,stock prices began pricing in macroeconomic concerns,and by Q2 these pressures started creating challenges for dealmaking Concerns included inflation and elev