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Mnc in Italy

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Submitted By shourav
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Multinational Italy 2008
The “Multinational Italy 2008” survey by ICE examines the activities of multinational companies that involve the domestic economy: the Italy-based multinationals and their foreign subsidiaries and the Italian firms in which foreign-based multinationals hold an interest.
The sectors considered are: extraction and manufacturing; energy, gas, water; construction; wholesaling; logistics and transport; telecommunication services; software and IT services; other professional services.
There are 7,152 Italian investee companies in which 3,961 investor companies own equity. Their employees in Italy total 852,741, while 2006 revenues of the investee companies was € 429,512 million. Controlling interests predominate, in this case, involving 92.1% of the companies, 91.1% of the employees, and 89% of total revenues.

The foreign companies invested in Italy operate primarily in the service industries. The growth of investments in logistics and transport and in professional services reflects the trend of new infrastructure and the transition to services in the economies of the major industrialized countries and, at the same time, expresses the competitive superiority of international businesses in those sectors with respect to our companies.

The wholesaling sector is also expanding, though at a slower rate, and is largely composed of the commercial subsidiaries of industrial multinationals.

On the whole, however, the IT and telecommunication services sector has seemed stationary in recent years, after the setbacks of the early 2000s caused by the bursting of the Internet bubble.

In recent years, the principal cross-border acquisitions have involved companies operating especially in capital machinery, instrumentation, and in a few sectors with strong economies of scale (such as cables and home appliances). This activity is concentrated in...

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