During Mergermarket's annual Germany Forum, panellists and conference attendees were eager to discuss how the country's often feted Mittlestand could become victim to domestic under-investment and neglect.
News thatSiemens’[ETR:SIE] merger withAlstom [EPA:ALO] has been blocked on competition grounds further highlights the obstacles faced by those intent on creating “European champions” to compete with Chinese and US giants.
Germany is proud of its automotive industry; its small and medium-sized enterprises make up the backbone of Europe’s manufacturing landscape. From production, supply chain management and distribution, Germany’s ‘Mittelstand’ companies predominantly occupy the industrials sector.
Economic and political turmoil in Europe and beyond weighed heavily on German dealmaking last year, and concerns over how this may seep into 2019 are being felt throughout the M&A community. So, as dealmakers cautiously enter the new year, Mergermarket’s Emma-Victoria Farr and Johannes Koch walk us through the talking key points regarding German M&A.