Mergers and Acquistions News
Categories: Media & Information Services, Software
July 12th 2011, 17:03PM
Technology firms are set to increase their merger and acquisition (M&A) activity over the next six months, according to new research.
Business-services company KPMG has revealed that over a third (36 per cent) of companies in a range of industries across the Europe and the Middle East claimed that acquisitions have become their main priority, up from eight per cent a year earlier.
UK firms are among those set to do more deals, with 45 per cent of businesses citing it as a top priority, compared with 36 per cent last year.
John Kelly, head of transaction services for KPMG in the EMEA region, said:
"Businesses aren't operating in stress mode any more, and as they realise they won't achieve growth through domestic markets they are buying further and further afield."
Mr. Kelly added that major corporations are set to be very lively over the next 12 months, with firms estimated to have $3 trillion (£1.89 trillion) available to invest in M&A. 
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