M&A done right
Deloitte enables a global semiconductor company’s strategic transformation
MERGERS AND ACQUISITIONS ARE INCREASINGLY COMPLEX.THE RIGHT TOOL CAN MAKE ALL THE DIFFERENCE.
An alloy is made of two or more elements. Alloys are useful because blended elements are often stronger than their component parts, and they’re valuable because they make better tools. Bronze is an alloy; bronze tools launched humanity’s first historic age.
Fast forward a few millennia, and a global semiconductor company found itself in similar circumstances: acquiring another company so that the blended result could produce stronger, more innovative tools (and, hopefully, launch a new, historic chapter).
It wouldn’t be easy. Mergers and acquisitions (M&A) are among the most complex undertakings in business, and if the two organizations aren’t joined right, the result—like mis-producing an alloy—can be brittle and prone to failure. To be successful, the company would need to take two distinct sets of strategies, technologies, and talents and not just elevate the best of the two but harmonize them. Create something new. Something best in class. To assist with this process, the company chose to collaborate with Deloitte.
FORGING TWO SETS OF STRATEGIES, TECHNOLOGIES, AND TALENTS INTO A STRONGER ONE.
If M&A transformations are complex and diverse, their primary goals are simple and uniform: close the deal. Thanks to Deloitte’s experience and the thorough scenario planning conducted with stakeholders, the transaction closed within a few days of clearance from regulatory agencies.
That wasn’t all. Throughout the process, leadership had been clear it wanted to make the most of integration and was willing to set aside approaches from both companies if a third, best-in-class option was possible. The teams took this to heart.
The result? Cross-functionally aligned and sequenced project plans—for customer-facing teams, for operations teams, for support teams—that positioned the newly blended company’s tools, talents, and strategies to indeed be better than the sum of their parts. Making the endeavor, despite its challenges, an un-alloyed success.
Do these challenges sound familiar?
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