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Technology
Bringing technology news from around Berkshire |
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Technology Takeovers
According to a report published this week by PriceWaterhouseCoopers, takeovers and acquisitions within the technology sector are going through something of a boom, with figures comparable to the peaks of the dot.com era of 2000.
The figures, released on Monday, indicate that mergers and acquisitions within the technology sector topped £65 billion in 2006 worldwide. Industry experts predict the trend to continue through 2007, despite a slight tailing off during the last quarter of 2006.
The full report will soon be available from the PriceWaterhouseCoopers website www.pwc.com. Entitled Technology Insights 2007, the publication provides an overview of merger and acquisition activity in the global technology sector during 2006 and examines market trends, driving forces, and outlook for 2007.
The firm anticipates continued growth in mergers and acquisitions throughout the first half of 2007 at least. Figures for last year included 18 mergers or acquisitions which exceeded €1bn each. The largest deal was worth over £7 billion – a merger between networking giants Alcatel and Lucent.
The report also indicates that long established firms in the technology sector are more likely to spend money on acquisitions than younger companies. For example IBM and Oracle – both established players – invested over £5.7 billion between them on acquisitions last year. New faces on the block such as Google and Ebay invested a relatively modest £1 million by contrast.
www.businessinberkshire.co.uk/technology
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