Following the CEO at T-Systems saying that European IT services firms need to have a few mergers and acquisitions if they are to compete with US companies I had a think who could buy who or who could merge.
Then the obvious struck me. T-Systems is owned by Deutsche Telekom, which is the kind of company that could make an acquisition or two.
Then I looked at Gartner's list of top IT service providers in Western Europe. In 2008 - 2009 T-Systems was the sixth biggest with a market share of 3%. Look at the list on this post it shows how dominant the US companies are and might give you some ideas of which companies might be involved in M&A activity soon.
Or will the US companies continue to buy European footprints? And what about the Indians?