Post-merger integration
Post-merger integration for an international shipping technology firm.
Background
- International Privately-owned business with operations in 6 countries
- Manufacturer of compliance solutions to the maritime industry
- The organisation going through significant change
- Acquisition of a £15m turnover business in Canada
- New strategic direction focussing on digital capabilities- both internally (new ERP system) and externally (greater focus on digital products)
- New company name and launch of the new brand
- Requirement of a Strategic Integration Plan focussed on year 1 post-acquisition and a high-level plan for years 2 and 3
- Project to be completed within the first 100 days post-acquisition
Approach
- Mobilisation of 12 workstreams to help formulate, prepare and deliver the plan for achieving both the workstream and project objectives
- Designed and delivered two marketing and branding workshops for the senior leadership team to develop the brand promise, vision statement, mission statement and brand values of the new organisation
- Designed and delivered staff survey and focus group workshops to develop the cultural values of the newly created organisation
- Reporting to the Steering Committee on a twice-weekly basis
Outcome
- Large scale project completed in 12 weeks and one week ahead of the agreed deadline.
- 3-year plan for the integration of the two companies
- Launch of a new company name and brand
- Launch of a new website and collateral
- Integration and upgrade of the ERP system
- Development of a 5-year product road map
- Identified synergy savings of £4.5 million per annum
- Development of reporting dashboards to allow management to track progress and performance of the plan over the next 3 years
Get in touch
If you would like to understand how our teams can support your business, please do not hesitate to get in touch.