SINGAPORE (Jan 31): The Southeast Asian transportation sector saw its hottest-ever year in 2017, with deal value up by more than sevenfold at US$25.2 billion ($33 mil) across 25 deals when compared to that of the previous year (US$3.5 billion, 32 deals).

According to the latest full-year data from Mergermarket, an Acuris company, Singapore was under the spotlight with seven deals worth US$18.5 billion booked over the year, accounting for 73.5% of deal activity in the region’s sector over 2017.

Two out of the top three deals within the sector target Singapore, namely the mega Global Logistic Properties (GLP) deal, which alone accounted for 67.6% of inbound activity in transportation, as well as the takeover of logistics & warehousing firm CWT Limited.

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