Groups absorb companies with high potential
Among companies with 20 to 500 employees that were independent in 1999, one third were found to be controlled by a group in 2003. The probability of being absorbed by a group was greatest for large-sized companies. Sometimes, when it was very large, it was the company itself that formed a group by taking control of smaller companies. Nevertheless, whether the company absorbed or was absorbed, the entity thus formed rarely exceeded the threshold of 250 employees. Companies that entered a group over this period belonged to highly technology-based sectors and had a largely international focus. Before entering the group, they had often grown slightly faster than those that remained independent. After their integration, their expansion increased noticeably.