Mergers and Acquistions News
Categories: Software
May 6th 2009, 15:43PM
Acquisition activity in the first quarter of 2009 held up well despite the economic gloom, according to a report by Regent.
The first three months of the year saw 715 acquisitions involving European technology companies, an increase of three per cent compared to the final quarter of 2008, although the combined value of these acquisitions fell once again.
British-based companies showed a small increase in purchasing levels, followed by modest gains by Scandinavian buyers, supported by strong growth in deal activity throughout the rest of Europe.
In contrast, acquisitions by North American companies declined during the first quarter, although Regent predicts the stronger dollar will encourage companies from the USA to buy cheaper operations in the UK.
The remainder of the deal flow for the year will continue at similar levels, according to Regent's forecast.
Regent's review of 2008 predicted that the market for the coming year would be fuelled by consolidation, increasing numbers of divestments by larger companies and the continuing availability of trade and private equity funding.
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