»»Overseas Acquisitions As Strategy To Gain Advanced Management Skills
According to McKinsey Quarterly report the acquisitions by Gulf based companies in Europe and North America, especially, are typically part of a broader strategy to gain rapid access to Western management know-how and technology.
They have helped them gain access to key management inputs at a single stroke while acquiring assets abroad. […]
The oil price driven liquidity boom in the region have not only opened the door for aggressive takeover strategies but also given Gulf based companies time to learn about new markets and to absorb the skills they need. […] The report predicts more acquisitions by Gulf companies, as a significant portion of oil revenues is expected to finance overseas acquisitions.
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