Houlihan Lokey – Transportation Technology Update, 3Q 2025

The main theme of the report concerns updates in the field of transportation technology for the third quarter of 2025.

Key findings include: Despite a short-term correction in the spring caused by tariff announcements, technology stocks showed strong growth due to optimism around AI investments and productivity gains. Risks include ongoing trade negotiations, a tightening labor market, potential resurgence of inflation, and vulnerability due to concentration of leadership in the tech sector. The anticipated boom in mergers and acquisitions (M&A) has not fully materialized due to tariff-related uncertainties, particularly in transportation technology. However, improving market sentiment and private equity activity indicate a growing deal momentum.