Transeo, an European association for the SME M&A market, has launched an online marketplace for the cross-border acquisition of businesses.
The online portal lists businesses for sale as well as potential buyers, with profiles being curated by professionals.
Transeo stated the objective to “decrease European market opacity and fragmentation”, encouraging better cooperation in the acquisition field between EU member states in the long run.
Elżbieta Bieńkowska, European commissioner for internal market, industry, entrepreneurship and SMEs said: “Business transfer can contribute to this by better preserving existing companies and developing awareness-raising campaigns is therefore crucial in this respect.
“We also need simpler and more supportive regulation as well as transfer-friendly taxation. Another part of the answer lies in efficient marketplaces for buyers and sellers, coupled to quality advice and mentoring throughout the whole process.
“Finally, suitable financial schemes for takeovers are essential as well.”