Fourth quarter 2009 global Engineering & Construction industry M&A analysis
Innovation: A course to recovery
In the fourth quarter 2009, data reveals that the pace of deal activity continued to gain momentum, both in terms of deal value and volume. Similar to overall M&A activity, large deal activity showed sequential improvement throughout 2009, increasing from two transactions in the second quarter to four during the fourth quarter.
Looking ahead into 2010, although a global economic recovery is under way, some economists expect the recovery to be subdued while others believe a double-dip recession is probable.