Avaloq, headquartered in Switzerland, is a market leader in global digital banking. It was acquired by the leading Japanese IT conglomerate NEC Corporation at the end of 2020, despite COVID-19 pandemic challenges faced during the sale process. The aim of the M&A was to strengthen NEC’s cloud software services in digital finance and government, essential pillars for its smart cities strategy. The case explores the M&A process from the acquiree’s viewpoint. Avaloq’s leadership team were debating which post-merger integration structure to propose to NEC: full merger, partnering or a hybrid approach? To help the protagonist solve this dilemma, the following perspectives and their strategic alignment are analyzed in depth, giving valuable insights into the integration direction: Organizational business models identifying M&A synergies; joint value-creation strategies and integration design ensuring the resulting M&A value is greater than the sum of its parts; industry drivers promoting vertical or horizontal integration; and the role of management/employee preferences in relation to M&A direction within the broader perspective of managing cross-cultural differences.
Bid for iconic Japanese convenience store chain could mean beginning of foreign M&As in Japan
Suffering from burnout, Riley works with an executive coach to redirect the need for perfection and people pleasing towards something more authentic.
Pension funds can unlock the potential of venture capital by adapting the successful endowment model, managing risks and illiquidity for long-term growth and stability.
Taking the time to consciously note people and things you are grateful for can make a huge difference to individual well-being, team dynamics, and institutional health
Three mysteries of the negativity bias and how to solve them.
How business design thinking can transform sustainability strategies into actionable plans.
Many companies treat sustainability reporting purely as an add-on to financial reporting. Here's how to use it to disrupt your industry to your advantage. Many companies treat sustainability reporting purely as an add-on to financial reporting. He...
Getting buy-in for a clear mandate can transform your organization's approach to innovation. The first in a three part series of articles looking at the complexities of corporate innovation,
Ada Tsang became the fastest woman to climb Mount Everest, beating the previous record. She shares her powerful learnings. Lessons in resilience from Ada Tsang.
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications