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Vera Demary / Matthias Diermeier IW-Trends No. 4 26. November 2015 Mergers and Acquisitions in German Industry

Heading for Industry 4.0?

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Mergers and Acquisitions in German Industry
Vera Demary / Matthias Diermeier IW-Trends No. 4 26. November 2015

Mergers and Acquisitions in German Industry

IW-Trends

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German Economic Institute (IW) German Economic Institute (IW)

Heading for Industry 4.0?

The merging of companies contributes enormously to the dynamics of the corporate landscape and is normally coupled to the business cycle. Since the financial crisis of 2009, however, mergers and acquisitions involving German companies have become uncoupled from the state of the economy. This is particularly surprising due to the prevailing weakness of investment in Germany and may be partly explained by the high prices put on companies. Additionally, in the German economy as a whole there is a perceptible trend towards diversifying by merging with firms in other sectors. By contrast, the data for the most important industries suggest that in recent years companies have preferred to consolidate, with comparatively few mergers with, or acquisitions of, companies outside the sector. In view of this, the hypothesis that manufacturing firms are increasingly acquiring the knowledge necessary for the development and implementation of industry 4.0 applications by merging with, or taking over, IT companies cannot be confirmed. Rather, the IT sector is itself going through a period of consolidation.

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Mergers and Acquisitions in German Industry
Vera Demary / Matthias Diermeier IW-Trends No. 4 26. November 2015

Vera Demary / Matthias Diermeier: Fusionen und Übernahmen in der deutschen Industrie

IW-Trends

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German Economic Institute (IW) German Economic Institute (IW)

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The Cost Competitiveness of German Industry in Times of Multiple Crises
Christoph Schröder IW-Trends No. 3 21. October 2022

The Cost Competitiveness of German Industry in Times of Multiple Crises

In 2021, German unit labour costs were an average of 13 per cent higher than in the 27 countries in our comparison and 8 per cent higher than in other countries in the Eurozone.

IW

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Cornelius Bähr / Hubertus Bardt IW-Trends No. 3 20. September 2021

Germany as a Business Location after the Grand Coalition

The demands of digitalisation and climate protection are creating an additional need for fundamental renewal of Germany’s capital stock.

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