Mergers & Acquisitions “2+2=3”
“2+2=3” was the title of an article by David Warsh where he
quoted the Harvard Business School Professor Michael Porter (he
of the five box competitive advantage model). Porter had
conducted research into M&A’s and found that in most cases they
decreased shareholder value.
In a report by KPMG they concluded that “over
half of M&A’s had destroyed shareholder value, fewer than one in
six increased it, and a further third had made no discernible
It is our belief that cultural differences
play a huge part in the difficulties faced by organisations
involved in M&A activity and that this can be overcome by
separate cultural assessments and a consolidated action plan.