Concentration wave creates new mega-suppliers: consolidation driven by modularisation
"The drive to win outsourced systems and modules business has dominated automotive supplier mergers and acquisitions in the last three years", says Ervin Schellenberg, Vice President in SchroderSalomonSmithBarney's European Automotive Investment banking team. SchroderSalomonSmithBarney has just published an analysis of the trend to modules and systems in a new report available through just-auto.com. In the last three years there have been over 125 acquisitions and 65 joint ventures and strategic alliances as leading suppliers have positioned themselves to win this new business.
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