If you're looking to grow your business you may want to consider a merger or acquisition as an alternative to generic growth.
There are lots of benefits to growing your business in this way and it's often the case that one plus one can make three (or more) for even the smallest businesses.
Pure mergers are more unusual than acquisitions, simply because there's rarely a merger of equals. The usual scenario is for one business to take over another and establish itself as the new owner. The target business then becomes a subsidiary of the acquirer, or its assets are assimilated.
Making the merger or acquisition work for you is a challenge for the management team, which will be dealing with a range of logistical, financial and cultural issues.
It's important to reassure your newly acquired customers that the change will benefit them, or at least keep things the same. Quick and effective communication is essential to customer retention.
Steps to a typical merger or acquisition include:
Register today or contact us to access specialist advice, events, training and more – all designed to help you grow your business and help you consider, plan for and undertake acquisitions and mergers.
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Cumbria Business Growth Hub, Broadacre House, 16-20 Lowther Street, Carlisle, Cumbria, CA3 8DA. T. 0844 257 84 50 E firstname.lastname@example.org
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