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Why this rush to buy operations that in many cases have minuscule sales and produce profits that are, at best, limited?
Though Invensys has always been viewed by the market as 'for sale at the right price', it's only in the last few years that we think the strategic sense for peers to buy operations management or rail has become apparent.
The NHS spent £6.5bn in 2013-14 on services from private sector providers, out of a total budget of £113bn, and last winter the Coalition government set aside an additional £30m to buy operations from the private sector in an attempt to bring down waiting lists.
In the process, this has given Indian firms the confidence to search out markets in developed economies and even to buy operations abroad".I've never seen industrialists so confident," says Hemendra Kothari, chairman of DSP Merrill Lynch, a Mumbai investment-banking joint-venture.
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The drop in income reflected the costs of buying operations in China, Germany, France and the Middle East.
The media planning and network buying operations at Tatham will remain separate.
In January, G.M. consolidated its media planning and buying operations, giving Carat, part of the Aegis Media unit of the Aegis Group, the job.
Gerdau has become the biggest producer of long steel products in the Americas (and has vaulted trade barriers) by buying operations in nine countries, including the United States.
Interpublic formed a separate entity to negotiate with the media for its media planning and buying operations on behalf of their advertisers.
The group's subsidiaries include the ad agencies Saatchi & Saatchi and Leo Burnett, as well as the media buying operations ZenithOptimedia and Starcom Mediavest.
■ IPG Mediabrands, New York, part of the Interpublic Group of Companies, is forming the Magna Consortium as part of plans to automate at least 50 percent of its media buying operations by 2016.
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CEO of Professional Science Editing for Scientists @ prosciediting.com