Flir

Well it was always going to be difficult to follow on from last month, when the industry posted the biggest monthly acquisition spend on record and not surprisingly it has failed to keep up this pace. But nevertheless, consolidation continues at a high rate and this month has thrown up some interesting trends that are […]

Even the pessimists are now convinced that the light at the end of the tunnel is not a train, and there are real signs the recovery in our industry is back on track. The two factors that confirm it for us are the real statistics of financial reports delivered over the last four months together […]

Almost a year ago, we forecast for 2009 a slowing down in merger and acquisition activity, but more ‘stock for stock’ deals and a significant growth in alliances. Alliance arrangements have grown in abundance and ‘stock for stock’ mergers have increased but not to the extent that we anticipated. However, the volume of mergers measured […]

July and August are traditionally slow months for acquisition activity. We saw the completion of 8 deals, the same number as realised in 2008. However with the exception of Google’s purchase of ON2 Technologies, at just over $100m, none of the other 8 deals cost more than $20m, whilst in 2008 the value of deals […]

Deals announced in June have continued at the same pace as the previous 2 months and are well up on June 2008. This would normally be greeted with surprise because a year ago the security market was a little more optimistic about the future than it is today. However economic downturns have a tendency to […]