German mid-sized firms are buying up Spanish companies | Made in Germany

2012-11-14 1

With Spain still gripped by recession, many companies are going under or finding themselves unable to raise fresh capital. As a result they can now be acquired cheaply. Mid-sized German firms are taking advantage of the crisis to snap up smaller Spanish competitors and suppliers. The mid-sized Lauda Company, based in Baden-Württemberg, did just that, buying a factory near Barcelona. Report by Anja Kimmig. For more go to http://www.dw.de/made-in-germany-the-business-magazine-2012-11-13/e-16332188-9798

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