We are currently working through a major merger and acquisition, actually our parent company in Norway is currently involved in this. And my recent Norway trip made me to understand more on this topic.
EBD Business Partners (Number one IT Services Company in Norway) is merging with ErgoGroup (Number two services company in Norway and my parent company), to form a bigger and stronger IT services company, serving Nordic market. (For more details, www.edbergogroup.com)
What really amazed me is the merging process a consulting company is recommending. (Boston Consulting is involved in this process). The problem was, both the companies have similar portfolio in terms of services and infact they were competing in the market. This complicated the entire process.
The process suggested here was something very innovative. CEO, being at L0, picked up his management team as L1 or level 1. The picking happened based on the merit, purely on the experience and qualification. This helped to form a correct portfolio which was good for merged company. And L1 is allowed to choose their management, L2, so on.
The result is, the completely redefined company with clean focus on business segments and focused geographies. And since competitive ones got the job; its good for the business and customers. Also, customers got merged so seamlessly that there was no change in operation, business as usual was the mantra since beginning and it happened in that way.
Now, the challenge ahead is to merge the processes and policies and tools. I believe it would be simple task as most important part of putting together a working organization structure is in place.
I was just amazed to see who smooth the entire thing was put in place. Good learning!
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