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The recipe for successful mergers and integrations
Do you still remember when UPC disappeared overnight? Or when you first heard about Hungarian Bankholding Ltd.? In the telecom and banking sectors, there were major acquisitions and mergers in Hungary in the years 2021-2022. Such transactions aimed at achieving cost efficiency, increasing market share, or acquiring new capabilities. And while to the outside observer these changes may seem to happen in a wink, integrations can take up to 1-3 years, even in a lucky scenario.
![Sky,Bridge,Linking,Two,Buildings,Together,In,The,Mist](https://www.stratis.hu/img/old_site/shutterstock_337688573-1.jpg?fm=webp&q=100&fit=max&crop=4815%2C2710%2C0%2C261&w=1920)
Beyond the technical, planning, and legal pitfalls of mergers and integrations - as parts of mergers -, the human factor is also significant, which is reflected in the diversity of corporate cultures, the collective knowledge of employees, making up for the lack of documentation of operation, products, systems and infrastructure.
Consulting firms can assist acquisitions in the preparation of mergers with their legal, business valuation, and strategy development skills. In the implementation phase, their practical experience gained in previous mergers can save significant time and costs.
What is the ideal pace and style of integration? What needs to be done to avoid all pitfalls and ensure a successful outcome? Who uses consultant firms and for what purpose?
Find out from our detailed analysis, which you can download free of charge after supplying the data below!
About author
![Kiss Laszlo Szerzo](https://www.stratis.hu/img/00644c21-44bd-47c5-8936-ce1dad50eaa1/kiss-laszlo-szerzo.jpg?fm=jpg&q=80&fit=max&crop=1351%2C1349%2C149%2C0&w=180)
László has been working in IT management for 17 years. In the past years he has worked in the evaluation of acquisitions and IT integrations. He has been involved in the consolidation and replacement of telecommunications and banking core systems. His experience as an IT manager, consultant and quality assurance manager has been used in the preparation of this study.