November 17, 2020 at 11:48 am
#38132
Pablo von Siebenthal
Participant
Similar to some of the other responses I’d say it very much depends but generally speaking I sense an increased risk of doing too many vertical acquisitions as you tend to expand into business segments where you have less know-how and possess fewer key differentiating factors even though you (hopefully) take over a skilled management. But vertical integration is an absolutely valid and sometimes effective tool to expand competitive power.