I had an interesting chat with 2e2 CEO, Terry Burt, after they announced their FY results (see 2e2 makes three (propositions)). He made it pretty clear that 2e2 would take a hiatus from M&A for at least another year in order to effect the next big change at 2e2 – vertical realignment. This will be no mean feat. Burt started 2e2 back in 2002 and executed 16 acquisitions in pretty short order. Many of the acquired businesses had also grown by acquisition.
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