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In the first half of 2018, there were, according to EY consultants in Austria 178 M & A transactions amounting to more than five billion (doubled in the last year!) Euro . That's the highest sum since 2012. I'm not surprised. Businesses are swimming in money, the economy is booming. As long as the money is so cheap (low interest rate), I'm still waiting this year for some great deals. And honestly, it is much easier and faster to make acquisitions than to build everything yourself.
Of one of the five largest transactions (390 million euros), the purchase of 29.14% of S Immo AG by Immofinanz AG I told you in detail. And do not forget the agreement Starwood Immofinanz early July for 758 million euros! With the purchase of offshore oil deposits from Adnoc, OMV AG has handed over its money in the bag to 1.23 billion euros. The company Andritz AG has also invested 647 million euros (here you can read the details) for Xerium Technologies
The most spectacular acquisition of ZKW Holding (from Wiener Neustadt) by the Korean LG Electronics for 1.43 billion euros. Oliver (Schubert), CEO of ZKW, hopes for "unlimited opportunities". LG has a total income of 150 billion US dollars.
Mergers: Commission clears LG Electronics to acquire exclusive control of ZKW, both #Austria ZKW is a manufacturer of lighting systems for the full range of lighting systems motor vehicles https://t.co/wtsDWNKAUb #competition #cars
– Alex von Witzleben (@AlexWitzleben) July 19, 2018
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