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Made in Germany

Using the Crisis as an Opportunity - German mid-sized firms are buying up Spanish companies

With Spain still gripped by recession, many companies are going under or finding themselves unable to raise fresh capital. As a result they can now be acquired cheaply. Mid-sized German firms are taking advantage of the crisis to snap up smaller Spanish competitors and suppliers.

The mid-sized Lauda Company, based in Baden-Württemberg, did just that, buying a factory near Barcelona. Report by Anja Kimmig.