Integration process : analysis of the new CMI's integration methodology. How to properly manage an integration and what are the key success factors ?

Abstract

Mergers and acquisitions-well conceived and properly executed-can deliver greater value than ever right now. (Rouse & Frame, 2009) This quote sum up the challenge that companies who want to growth rapidly have to face. Indeed, managing a Mergers and acquisition integration is a real challenge and only a few manage to reach their targets. In this thesis, the focus is on the post-acquisition process, commonly called integration process. CMI has performed many acquisitions through the last decade and it will not stop there. The number of acquisition increases each year. In the first part of the thesis a presentation of the state of the art is done and put in relation with the good practices to perform during an integration process. Next to that, an analysis of the new CMI methodology will be realized. Afterwards, a deep dive on the experiences gained from previous integration of CMI is performed. Finally, based on these previous section an analysis of the new methodology is made and a couple of recommendations is formulated to allow CMI to enhance its processes.