EU Industrial R&D Investment Scoreboards 2011

Mergers and acquisitions involving Scoreboard companies• Square Enix, Japan acquired Eidos, UK. Square Enix didn’t disclose anyR&D in its annual report and accounts.• Kraft Foods, USA acquired Cadbury, UK. Kraft Foods discloses R&D and isranked 143 in the non-EU sample.• Clipper Wind Power, UK was acquired by United Technologies, USA. UnitedTechnologies discloses R&D and is ranked 54 in the non-EU group.• Reckitt Benkiser, UK acquired SSL International, UK. Reckitt Benkiserdiscloses R&D and is ranked 142 in the EU group.• Honeywell, USA acquired Sperian Protection, France. Honeywell disclosesR&D and is ranked 62 in the non-EU group.• BTG, UK acquired Biocompatibles International, UK. BTG discloses R&Dand is ranked 358 in the EU group.• FLIR Systems, USA acquired Raymarine, UK. FLIR Systems discloses R&Dand is ranked 502 in the non-EU group.• Mitsubishi Rayon, Japan acquired Lucite International, UK. Mitsubishi Rayondiscloses R&D and is ranked 350 in the non-EU group.• Shire, UK acquired Movetis, The Netherlands. Shire discloses R&D and isranked 54 in the EU group.• Travis Perkins, UK acquired the BSS Group, UK. Travis Perkins didn’tdisclose any R&D in its annual report and accounts.• Emerson Electric, USA acquired Chloride Group, UK. Emerson Electricdiscloses R&D and is ranked 169 in the non-EU group.• Proximagen, UK acquired Minster Pharmaceuticals, UK. Proximagendiscloses R&D and is ranked 835 in the EU group.• Unicom Systems, USA acquired Macro 4, UK. Unicom Systems did notprovide annual reports and accounts before the cut-off date.• Pfizer, USA acquired Thiakis, UK. Pfizer discloses R&D and is ranked 2 inthe non-EU group.• Deltek, USA acquired Maconomy, Denmark. Deltek discloses R&D and isranked 889 in the non-EU group.• TDK, Japan acquired EPCOS, Germany. TDK discloses R&D and is ranked122 in the non-EU group.• SSI Investments II, Ireland acquired SkillSoft, Ireland. SSI Investments IIdiscloses R&D and is ranked 366 in the EU group.• Deutsche Post, Germany acquired Deutsche Postbank, Germany. DeutschePost discloses R&D and is ranked 188 in the EU group.• Canon, Japan acquired Oce, The Netherlands. Canon discloses R&D and isranked 23 in the non-EU group.69The 2011 EU Industrial R&D Investment Scoreboard 69