An interesting observation from NOTE’s Lind-Widestam in the webcast. They are apparently not currently looking for acquisitions in Germany, because the weak situation in the automotive sector has led to several contract manufacturers trying to find customers from other segments. This, in turn, intensifies competition, which then drives down prices and profitability.
I’m noting this comment here, but this is a phenomenon I have highlighted as happening in Finland, for example, in the IT services sector. When competition intensifies, companies start acquiring more sales by lowering prices → everyone’