Why Companies Are Using M&A to Transform Themselves, Not Just to Grow

Harvard Business Review

The current cohort of acquisitions goes well beyond the typical defensive, synergy-driven, horizontal integration that marked previous M&A spurts. Technology, manufacturing, research and development, or human know-how – whatever the capability, acquisitions are a way to acquire it. How realistic is leadership’s vision for the acquisition? However, back-office functions might be integrated. No operational integration is necessary.