Mergers and acquisitions can be tricky and can quickly go wrong. In this article from Energy Voice, Damian O'Gara, our Chief Digital and Information Officer and Killian Coleman, our Integration Management Director, share their insights about how we ensured our M&A was a success.
From establishing a thriving culture and keeping communications at the core to leveraging technology, you will discover eight top tips to dodge the usual errors in big business integration.
In July 2021, Kentech acquired the oil and gas business of SNC-Lavalin, including their previous acquisitions of Atkins oil and gas and low carbon business, Kentz and Houston Offshore Engineering, leading to the birth of Kent. Two years on, Kent has seen admirable staff retention rates and extraordinary revenue growth.
To give some insight into the enormity of that task, 7,000 employees were carved out from the wider SNC-Lavalin Group, plus over 40 legal entities from 20 regions. Over 5,000 technology users were migrated to the Kent network, and over 40 IT systems, applications and programs were migrated into Oracle Fusion, the chosen ERP platform. The team worked within an 18-month Transitional Services Agreement with SNC-Lavalin to manage the transition of services, which meant restricted timeline flexibility for such a complex transition.
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