Industrial Strength

Blockbuster Mergers Return as Industrial Breakups Reach Limit

Scale is becoming more important as industrial companies vie for investor attention and weather economic volatility.

Large mergers are rare but may have a reemergence as companies plot how best to capitalize on investment trends, including the explosive growth in data center construction.

Photographer: Tripplaar Kristoffer/Sipa/AP Photo
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After a decade of conglomerate breakups, the time may finally be right for the reemergence of another type of dealmaking: mergers of equals.