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US firms to seek British M&A targets, say analysts

29 April 2010

Experts have indicated that interest from recovering US firms is set to drive mergers and acquisitions (M&A) in Europe over the coming months.

Analysts from UBS told Reuters that corporate confidence is "improving fast" among American organisations, with first-quarter earnings having surpassed expectations in many cases.

As a result, such companies are expected to turn their attentions to growth opportunities in Europe, with the UK likely to be the focal point for many new deals.

However, UBS said the weaker pound will not have a major impact on M&A activity involving British and American firms.

"We do not see currency as a major driver of M&A - most transactions are hedged and currency-led M&A is viewed by many boardrooms as akin to financial market trading," the analysts told the news agency.

Aerospace and defence, IT services and engineering are three of the sectors expected to witness most activity.

The London-based secure energy supply firm Chloride Group became the target of a fresh £723 million approach from US rival Emerson Electric last week.

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Categories: Commercial

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