The unpalatable or inevitable recession can also be a key factor to trigger Mergers/ Takeovers-how far is it proved true ?

The year 2008 witnessed the Global Economic Crisis, thereby, bringing the economic growth across the globe to a grinding halt. A survey and study by New Zealand Trade & Enterprise revealed acquisitions and strategic alliances as a key factor to overcome economic recession to strengthen, re-focus and position the company for increased growth and profitability. The mentioned research study has also identified that Companies made acquisitions to access new markets, products, technologies, customers and talent at an accelerated pace. There were the examples of organizations that have adopted, survived and prospered during recessionary periods. All the companies studied, achieved dramatic increase in growth and profitability during the period of economic downturn or in the following recovery period.