Companies opt for mergers for various strategic reasons:
- Growth and Expansion: Mergers allow companies to quickly expand their market presence and product offerings. - Efficiency and Synergy: Combining resources and capabilities can lead to cost savings and improved efficiency. - Competitive Advantage: Mergers can help companies gain a competitive edge by consolidating market share and reducing competition. - Access to Technology and Talent: Mergers can provide access to new technologies and skilled professionals. - Risk Diversification: By merging with companies in different sectors, businesses can spread their risks across various markets.