Kingspan is intent on making further large-scale acquisitions in Europe and north America this year, with the company capable of absorbing takeover costs of over €300m.

Specialist building materials group Kingspan has hinted at a recovery in the construction sector, with double-digit percentage growth evident in its Irish operations during the first six months of the year.

The number of merger and acquisition (M&A) deals increased by 10% in the first nine months of 2012 but the value of the deals completed fell, the NCB Corporate Finance M&A Tracker Survey found.

Building insulation specialist Kingspan has entered into agreements to buy two firms for a combined price of nearly €100m