Merger and acquisition (M&A) activity in the industrial manufacturing sector increased in the second half of 2013, with a 20% uptick in activity in the final six months of the year compared to the first half, according to Assembling Value, an annual analysis of global deal activity in the industrial manufacturing industry by PwC US.

While deals in the industrial manufacturing sector were more moderately paced in the second quarter of 2013 when compared to the norms of recent years, acquirers from emerging and developing nations, most notably China, remained actively involved in merger and acquisition (M&A) activity, according PwC US.