Comprehensive foreign reports, according to the latest report from Massachusetts PRTM Consulting, the number of M&A transactions by European auto parts suppliers in 2010 will be as many as 85, up 13% from 2009. In the first eight months of 2010, a total of 50 auto parts M&A transactions in Europe were completed.
However, the European auto parts M&A transaction volume in 2010 will be less than the US$9.2 billion in 2009. In 2009, the Schaeffler Group acquired a $6.5 billion stake in the Continental Group.
The mainland and Foglia are considered to be promoters of European M&A transactions. Schaeffler CEO Juergen Geissinger stated: "After the economic crisis, the M&A market has reactivated. The company has become less cautious about where to invest."
PRTM expects that there will be 300 deals for global auto parts companies in 2010, up from 241 in 2009. According to PRTM's analysis, potential buyers include Eaton, Johnson Controls, Texas Pacific Group and Cerberus Capital Management; sellers may include Hitachi, Visteon, TRW, and Delphi.
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