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The Coming Euroinvasion

Posted by Matt in June 4th, 2008

First they came for the iPods. Then the Europeans snatched up condos in Manhattan. Now they’re coming for the companies.

Why is this happening now? The plummeting U.S. dollar has made the move across the Atlantic affordable for many European companies. And this may be a once-in-a-lifetime chance to relocate: American companies have rarely been so cheap. Five years ago, a German or Spanish company that coveted a U.S. competitor worth $500 million needed roughly 430 million euros to purchase it. Today, it would take just 316 million euros to buy a company worth half a billion dollars.

European companies are not just being pulled to America by a cheaper dollar. They are also being pushed away from Europe by a business environment that is not as attractive as that in the United States.

Read More…

Published in Economy, Europe, U.S., , , , , , , , , , , ,

Map for Paris, France

[Countries link to CIA Factbook. States link to Wikipedia.]


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