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Technology sector tipped for M&A growth

4 February 2011

A new report from KPMG has tipped technology to emerge as a hotspot for mergers and acquisitions (M&A) this year.

The firm's Global M&A Indicator revealed that the price-to-earnings ratios of UK companies have fallen by 14 per cent overall during the last 12 months.

However, valuations in the technology sector have outperformed the rest of the market, declining by just three per cent.

KPMG singled out telecommunications as one industry where deal-making activity could see a significant upsurge, as valuations have shown a two per cent increase.

"A myriad of technological advancements is providing stimuli to the deal market," said Jonathan Stankler, technology M&A partner at the company.

He claimed that many industries are likely to remain "entrenched in low demand economies" for the short term, but technology appears to be bucking the trend.

Analysts at Citigroup recently told Reuters that global M&A volumes should rise by approximately 25 per cent to reach $2.9 trillion (£1.8 trillion) by the end of 2011.

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Categories: Technology, Entertainment & Communications

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