Despite their combined regional presence, the two companies in the coating sector had limited geographic overlap outside Europe. As a result, delivering the promised synergy targets of €20 million would be challenging, even more so given the timing of the acquisition: There were already warning signs of an impending global recession. For support in bringing about a speedy, best-in-class merger, senior executives called us in.
- Worked side by side with integration leaders to execute the global merger
- Established a light but robust integration management office (IMO) to stay small and flexible enough for coordination
- Mapped both cultures to identify potential roadblocks to the integration
- Led constant communication to keep all internal and external stakeholders informed
- Worked closely with the CFO to avoid financial issues
Savings ultimately surpassed the €20 million target
The integration was completed within the target 12-month period
The process was described as seamless by a company executive
Project teams executed successfully, delivered and tracked synergies according to the plan
After Day 1 IMO Leaders stretched select targets to deliver more synergies
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