I’m wondering what others think the key factors that drive M&A in your organizations? Is it more of a defensive mechanism or an offensive mechanism? Is your organization following the merger strategy because it’s in an established industry? Or because it feels that it’s the best cost option to expand into a new market or geographic region?
I am in the medical device industry, and IP is one factor in having a leading edge product, but also the length of time it takes to bring a product to market takes years, therefore M&A is a strategic lever that is used to obtain new products and be the first to bring them to market. This is why M&A is VERY important in the medical device field.