Automotive Industry
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Automotive News Europe, January, 2002 by Chew, Edmund
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The value of acquisitions among European automotive suppliers last year fell to half the level of 2000 even though the number of deals was nearly the same.
Sharply falling valuations and banks reluctant to take risks cut the size of acquisitions. Instead, deal-making in the auto sector shifted to smaller suppliers, said Philip Wylie, automotive mergers and acquisitions specialist for PricewaterhouseCoopers.
"There has been a big reduction in the value of transactions," said Wylie.
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The number of European transactions last year declined 10 to 15 percent, he said, ...
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