AUTOMOBILES
Car supplier M&A still robust
- Published: 4 Oct 2012 at 00.00
- Newspaper section: Business
Merger and acquisition (M&A) activity among global automotive suppliers is expected to remain high for at least five years, with European suppliers the most attractive targets as they struggle with the region's debt crisis, says a PricewaterhouseCoopers (PwC) study.
Sira Intarakumthornchai, the chief executive of PwC Thailand, said M&As in automotive have remained near record levels this year, with 270 deals to seize on undervalued supply assets and growing production in all markets except Western Europe.
"The study showed that European suppliers are the key targets of M&A activity for a second straight year," he said.
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