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19 Feb

The first decade of the new millennium heralded an era of global megamergers, followed by a period of extended turbulence in the global credit markets.

The post of truck business line director at Iveco UK is still vacant, following the departure of Nick Pemberton five months ago.MAN Truck & Bus chief executive Joachim Drees has been elected chairman of the commercial vehicle board of directors at ACEA (Association des Constructeurs Européens d’Automobiles), a big Brussels-based European association of vehicle manufacturers.Its commercial vehicle division has been chaired for the past twelve months by Daf Trucks president Preston Feight.The intent of this chapter is to provide an understanding of the underlying dynamics of M&A (merger and acquisition) in the context of an increasingly interconnected world.The chapter begins with a discussion of M&As as a change agent in the context of corporate restructuring.